Key Tronic (NASDAQ:KTCC) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Key Tronic Corporation (NASDAQ:KTCC)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.99 and traded as low as $2.52. Key Tronic shares last traded at $2.5540, with a volume of 21,020 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Key Tronic in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Key Tronic has an average rating of “Sell”.

Key Tronic Stock Performance

The firm has a market capitalization of $27.74 million, a P/E ratio of -2.34 and a beta of 1.08. The company has a 50-day moving average of $2.84 and a 200-day moving average of $2.99. The company has a current ratio of 2.39, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KTCC. Moors & Cabot Inc. grew its holdings in Key Tronic by 27.8% in the third quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock worth $582,000 after purchasing an additional 35,400 shares during the period. Bensler LLC acquired a new stake in shares of Key Tronic in the 3rd quarter valued at about $109,000. Finally, Goldman Sachs Group Inc. increased its position in Key Tronic by 65.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after buying an additional 9,327 shares in the last quarter. Institutional investors own 40.69% of the company’s stock.

About Key Tronic

Key Tronic Corporation (NASDAQ: KTCC) is a global electronics manufacturer headquartered in Spokane, Washington. The company specializes in the design, development and production of human-machine interfaces and input devices, with a core legacy in keyboard technology. Over more than five decades, Key Tronic has expanded its capabilities beyond keyboards to encompass a broad range of electronic assemblies for OEMs across computing, industrial, medical and consumer markets.

Key Tronic’s product portfolio includes membrane and mechanical keyboards, touch panels, silicone keypads and custom input solutions tailored to customer specifications.