Key Tronic Corp. (KTCC) Shares Up 3.7%
Key Tronic Corp. (NASDAQ:KTCC) shot up 3.7% during mid-day trading on Monday . The stock traded as high as $8.24 and last traded at $8.18, with a volume of 54,151 shares traded. The stock had previously closed at $7.89.
Several brokerages have issued reports on KTCC. B. Riley restated a “buy” rating and set a $12.00 price objective on shares of Key Tronic Corp. in a research report on Tuesday, May 17th. Zacks Investment Research downgraded shares of Key Tronic Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th.
The firm has a market capitalization of $87.50 million and a P/E ratio of 13.53. The firm’s 50 day moving average price is $7.59 and its 200-day moving average price is $7.41.
Key Tronic Corp. (NASDAQ:KTCC) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. Analysts predict that Key Tronic Corp. will post $0.51 EPS for the current year.
A hedge fund recently raised its stake in Key Tronic Corp. stock. Dimensional Fund Advisors LP increased its position in Key Tronic Corp. (NASDAQ:KTCC) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.
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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