Tieton Capital Management LLC Makes New $3.14 Million Investment in Key Tronic Corporation $KTCC

Tieton Capital Management LLC bought a new stake in shares of Key Tronic Corporation (NASDAQ:KTCC) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 760,930 shares of the technology company’s stock, valued at approximately $3,143,000. Tieton Capital Management LLC owned approximately 0.07% of Key Tronic at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in shares of Key Tronic in the 2nd quarter valued at approximately $95,000. Goldman Sachs Group Inc. grew its position in Key Tronic by 65.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock worth $61,000 after purchasing an additional 9,327 shares during the last quarter. BlackRock Inc. acquired a new position in Key Tronic during the 2nd quarter valued at approximately $533,000. Moors & Cabot Inc. increased its stake in Key Tronic by 27.8% during the 3rd quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock valued at $582,000 after purchasing an additional 35,400 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Key Tronic by 105.7% in the first quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock worth $944,000 after buying an additional 177,591 shares during the last quarter. Hedge funds and other institutional investors own 40.69% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Key Tronic in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Key Tronic currently has a consensus rating of “Sell”.

Key Tronic Price Performance

Shares of NASDAQ:KTCC opened at $3.78 on Thursday. Key Tronic Corporation has a twelve month low of $2.40 and a twelve month high of $4.42. The company has a current ratio of 2.06, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. The company has a market cap of $41.05 million, a PE ratio of -2.36 and a beta of 1.19. The company’s 50 day moving average is $3.95 and its 200 day moving average is $3.34.

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.