Key Tronic Corporation (NASDAQ:KTCC) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Shares of Key Tronic Corporation (KTCC) opened at $7.46 on Thursday. Key Tronic Corporation has a 12 month low of $6.69 and a 12 month high of $8.20. The firm has a market capitalization of $79.30, a price-to-earnings ratio of 18.90 and a beta of 0.04. The company has a quick ratio of 0.99, a current ratio of 2.29 and a debt-to-equity ratio of 0.33.

Key Tronic Corporation (NASDAQ:KTCC) last announced its earnings results on Tuesday, October 31st. The technology company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.09). The business had revenue of $109.22 million during the quarter. Key Tronic Corporation had a net margin of 0.93% and a return on equity of 3.80%.

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A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in Key Tronic Corporation by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 61,967 shares of the technology company’s stock worth $454,000 after purchasing an additional 198 shares during the period. CWH Capital Management Inc. increased its position in Key Tronic Corporation by 10.1% in the second quarter. CWH Capital Management Inc. now owns 72,475 shares of the technology company’s stock worth $514,000 after purchasing an additional 6,675 shares during the period. Spark Investment Management LLC increased its position in Key Tronic Corporation by 83.6% in the second quarter. Spark Investment Management LLC now owns 23,500 shares of the technology company’s stock worth $166,000 after purchasing an additional 10,700 shares during the period. Finally, Morgan Stanley increased its position in Key Tronic Corporation by 11.7% in the first quarter. Morgan Stanley now owns 797,524 shares of the technology company’s stock worth $5,853,000 after purchasing an additional 83,634 shares during the period. Hedge funds and other institutional investors own 41.60% of the company’s stock.

Key Tronic Corporation Company Profile

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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