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

Research analysts at StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note issued on Sunday. The firm set a “strong-buy” rating on the technology company’s stock.

Key Tronic Trading Down 2.1 %

NASDAQ KTCC opened at $2.30 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.71 and a current ratio of 2.78. Key Tronic has a one year low of $2.21 and a one year high of $6.14. The company’s 50 day moving average price is $2.81 and its 200 day moving average price is $4.24. The firm has a market capitalization of $24.75 million, a price-to-earnings ratio of -4.04 and a beta of 1.38.

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 net margin of 1.17% and a negative return on equity of 3.23%.

Hedge Funds Weigh In On Key Tronic

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp grew its position in Key Tronic by 59.3% in the fourth quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock valued at $219,000 after acquiring an additional 19,513 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in shares of Key Tronic by 9.3% in the fourth quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after purchasing an additional 12,023 shares during the period. Renaissance Technologies LLC grew its holdings in Key Tronic by 63.5% during the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $397,000 after purchasing an additional 37,000 shares in the last quarter. Tieton Capital Management LLC increased its stake 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 worth $3,124,000 after buying an additional 140,573 shares during the period. Finally, Virtu Financial LLC acquired a new position in Key Tronic in the 3rd quarter worth $63,000. 40.69% of the stock is owned by institutional investors and hedge funds.

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.