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

StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCC) in a report released on Monday morning. The firm issued a buy rating on the technology company’s stock.

Key Tronic Price Performance

KTCC opened at $4.50 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.64 and a quick ratio of 1.59. Key Tronic has a 12 month low of $3.72 and a 12 month high of $7.04. The stock’s 50 day moving average price is $4.72 and its 200 day moving average price is $4.34. The stock has a market cap of $48.42 million, a P/E ratio of 10.98 and a beta of 1.43.

Key Tronic (NASDAQ:KTCC) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates 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 Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in Key Tronic by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 797,145 shares of the technology company’s stock worth $4,504,000 after purchasing an additional 7,277 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Key Tronic by 6.0% in the first quarter. Vanguard Group Inc. now owns 436,002 shares of the technology company’s stock valued at $2,463,000 after buying an additional 24,521 shares during the period. Ancora Advisors LLC boosted its stake in Key Tronic by 20.3% during the first quarter. Ancora Advisors LLC now owns 119,073 shares of the technology company’s stock valued at $918,000 after buying an additional 20,100 shares in the last quarter. State Street Corp acquired a new position in Key Tronic during the first quarter worth about $66,000. Finally, Renaissance Technologies LLC raised its position in Key Tronic by 45.0% in the fourth quarter. Renaissance Technologies LLC now owns 24,400 shares of the technology company’s stock worth $106,000 after acquiring an additional 7,573 shares in the last quarter. 40.69% of the stock is currently owned by institutional investors.

About Key Tronic

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.