Zacks: Key Tronic Corporation (KTCC) Given $9.25 Average Price Target by Analysts
Shares of Key Tronic Corporation (NASDAQ:KTCC) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a 1-year consensus price objective of $9.25 for the company and are expecting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Key Tronic Corporation an industry rank of 195 out of 265 based on the ratings given to its competitors.
Several equities research analysts have recently commented on KTCC shares. B. Riley reiterated a “buy” rating and set a $9.25 price objective on shares of Key Tronic Corporation in a research note on Saturday, November 5th. Zacks Investment Research upgraded shares of Key Tronic Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, December 20th.
Shares of Key Tronic Corporation (NASDAQ:KTCC) traded down 0.86% during midday trading on Friday, reaching $8.10. The company’s stock had a trading volume of 10,085 shares. The firm has a market capitalization of $87.14 million, a P/E ratio of 12.07 and a beta of 0.70. Key Tronic Corporation has a 12-month low of $6.09 and a 12-month high of $8.97. The stock has a 50-day moving average of $7.80 and a 200 day moving average of $7.62.
Several large investors have recently bought and sold shares of KTCC. Emerald Acquisition Ltd. bought a new stake in Key Tronic Corporation during the second quarter valued at approximately $109,000. TFS Capital LLC bought a new stake in Key Tronic Corporation during the second quarter valued at approximately $128,000. Obermeyer Wood Investment Counsel Lllp bought a new stake in Key Tronic Corporation during the third quarter valued at approximately $164,000. Northern Trust Corp increased its stake in Key Tronic Corporation by 23.9% in the third quarter. Northern Trust Corp now owns 35,012 shares of the company’s stock valued at $261,000 after buying an additional 6,758 shares during the last quarter. Finally, Adirondack Research & Management Inc. increased its stake in Key Tronic Corporation by 40.2% in the third quarter. Adirondack Research & Management Inc. now owns 93,744 shares of the company’s stock valued at $698,000 after buying an additional 26,900 shares during the last quarter. Institutional investors and hedge funds own 44.37% of the company’s stock.
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About Key Tronic Corporation
Key Tronic Corporation, doing business as KeyTronicEMS Co, is engaged in contract manufacturing for a range of products. The Company provides electronic manufacturing services (EMS) and solutions to original equipment manufacturers (OEMs) of a range of products. The Company provides engineering services, procurement and distribution, materials management, manufacturing and assembly services, in-house testing, and customer service.
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