StockNews.com Begins Coverage on Key Tronic (NASDAQ:KTCC)

StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report sent to investors on Sunday morning. The brokerage issued a buy rating on the technology company’s stock.

Key Tronic Stock Up 0.2 %

KTCC stock opened at $4.60 on Friday. The firm has a market cap of $49.50 million, a PE ratio of 11.22 and a beta of 1.43. Key Tronic has a 1 year low of $3.72 and a 1 year high of $7.24. The company has a fifty day simple moving average of $4.69 and a 200 day simple moving average of $4.34. The company has a current ratio of 2.64, a quick ratio of 1.59 and a debt-to-equity ratio of 0.87.

Key Tronic (NASDAQ:KTCC) last posted its earnings results on Tuesday, February 6th. The technology company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $145.42 million for the quarter. Key Tronic had a return on equity of 3.41% and a net margin of 0.72%.

Institutional Investors Weigh In On Key Tronic

A number of large investors have recently added to or reduced their stakes in KTCC. State Street Corp acquired a new stake in shares of Key Tronic in the first quarter worth $66,000. O Shaughnessy Asset Management LLC acquired a new position in Key Tronic during the 1st quarter worth $87,000. Millennium Management LLC bought a new stake in Key Tronic during the fourth quarter valued at about $54,000. Susquehanna International Group LLP acquired a new stake in shares of Key Tronic in the first quarter valued at about $128,000. Finally, Royal Bank of Canada increased its stake in shares of Key Tronic by 42.8% in the second quarter. Royal Bank of Canada now owns 24,135 shares of the technology company’s stock worth $137,000 after purchasing an additional 7,235 shares during the period. Institutional investors own 40.69% of the company’s stock.

Key Tronic Company Profile

Key Tronic Corporation provides contract manufacturing services to original equipment manufacturers in the United States and internationally. The company offers integrated electronic and mechanical engineering, assembly, sourcing and procurement, logistics, and new product testing services. Its services include product design; surface mount technologies and pin through hole capability for printed circuit board assembly; tool making; precision plastic molding; sheet metal fabrication and painting; liquid injection molding; complex assembly; prototype design; and full product assembly services.