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

Key Tronic Corporation (NASDAQ:KTCC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.86 and traded as high as $3.97. Key Tronic shares last traded at $3.73, with a volume of 52,676 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Key Tronic in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Key Tronic currently has a consensus rating of “Sell”.

Key Tronic Trading Down 5.1%

The firm’s 50-day simple moving average is $3.05 and its 200 day simple moving average is $2.86. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.06 and a quick ratio of 1.21. The firm has a market capitalization of $40.51 million, a price-to-earnings ratio of -2.33 and a beta of 1.22.

Hedge Funds Weigh In On Key Tronic

Large investors have recently modified their holdings of the business. Sei Investments Co. lifted its stake 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 acquiring an additional 177,591 shares during the period. Moors & Cabot Inc. boosted 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 valued at $582,000 after acquiring an additional 35,400 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Key Tronic by 65.9% in the first quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after acquiring an additional 9,327 shares during the last quarter. Institutional investors own 40.69% of the company’s stock.

Key Tronic Company Profile

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.