Key Tronic (NASDAQ:KTCC) Research Coverage Started at StockNews.com

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

Key Tronic Trading Up 1.0 %

NASDAQ:KTCC opened at $3.10 on Monday. Key Tronic has a 12 month low of $2.86 and a 12 month high of $6.14. The company has a current ratio of 2.78, a quick ratio of 1.71 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average price of $3.76 and a 200-day moving average price of $4.76. The stock has a market cap of $33.36 million, a price-to-earnings ratio of -5.44 and a beta of 1.53.

Key Tronic (NASDAQ:KTCC) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.38) earnings per share for the quarter. Key Tronic had a negative return on equity of 3.23% and a negative net margin of 1.17%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Northern Trust Corp grew its holdings in Key Tronic by 59.3% in the fourth quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock worth $219,000 after purchasing an additional 19,513 shares during the period. Kennedy Capital Management LLC boosted its position in shares of Key Tronic by 9.3% in the 4th quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock worth $591,000 after purchasing an additional 12,023 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Key Tronic by 63.5% in the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock worth $397,000 after buying an additional 37,000 shares during the last quarter. Tieton Capital Management LLC increased its position in Key Tronic by 23.1% during the 4th quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock valued at $3,124,000 after buying an additional 140,573 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Key Tronic during the third quarter valued at $63,000. 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.