Key Tronic (NASDAQ:KTCC) Coverage Initiated by Analysts at StockNews.com

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

Key Tronic Price Performance

NASDAQ KTCC opened at $4.68 on Friday. The company’s 50 day simple moving average is $4.10 and its 200 day simple moving average is $4.30. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.80 and a quick ratio of 1.75. The firm has a market capitalization of $50.36 million, a PE ratio of 234.00 and a beta of 1.51. Key Tronic has a 12 month low of $3.60 and a 12 month high of $5.14.

Key Tronic (NASDAQ:KTCC) last posted its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.11 EPS for the quarter. The company had revenue of $125.69 million during the quarter. Key Tronic had a negative net margin of 0.14% and a positive return on equity of 0.28%.

Institutional Trading of Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Vanguard Group Inc. increased its holdings in shares of Key Tronic Co. (NASDAQ:KTCC) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 447,475 shares of the technology company’s stock after buying an additional 3,848 shares during the quarter. Vanguard Group Inc. owned 4.16% of Key Tronic worth $2,085,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.