Key Tronic Corp. (NASDAQ:KTCC) shares shot up 0.5% during trading on Wednesday . The company traded as high as $7.69 and last traded at $7.45, with a volume of 55,150 shares changing hands. The stock had previously closed at $7.49.

KTCC has been the topic of a number of research reports. Zacks Investment Research lowered Key Tronic Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. B. Riley reaffirmed a “buy” rating and set a $12.00 price objective on shares of Key Tronic Corp. in a report on Thursday, May 12th.

The stock’s 50 day moving average price is $7.56 and its 200-day moving average price is $7.49. The company has a market capitalization of $81.08 million and a P/E ratio of 13.03.

Key Tronic Corp. (NASDAQ:KTCC) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. The company earned $123.90 million during the quarter, compared to the consensus estimate of $118.40 million. Analysts anticipate that Key Tronic Corp. will post $0.80 earnings per share for the current year.

A hedge fund recently raised its stake in Key Tronic Corp. stock. Dimensional Fund Advisors LP raised its position in shares of Key Tronic Corp. (NASDAQ:KTCC) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 886,300 shares of the company’s stock after buying an additional 3,978 shares during the period. Dimensional Fund Advisors LP owned about 8.28% of Key Tronic Corp. worth $6,736,000 at the end of the most recent reporting period.

Key Tronic Corporation is engaged in providing electronic manufacturing services and solutions for original equipment manufacturers (OEMs). The Company also manufactures keyboards and other input devices. The Company provides engineering services, procurement and distribution across the world, materials management, world-class manufacturing and assembly services, in-house testing and unparalleled customer service.

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