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

Tieton Capital Management LLC acquired a new stake in shares of Key Tronic Corporation (NASDAQ:KTCC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 760,930 shares of the technology company’s stock, valued at approximately $3,143,000. Tieton Capital Management LLC owned about 7.01% of Key Tronic as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KTCC. BlackRock Inc. bought a new position in Key Tronic during the second quarter valued at approximately $533,000. Bank of New York Mellon Corp purchased a new stake in shares of Key Tronic during the 2nd quarter worth approximately $95,000. Sei Investments Co. boosted its position in shares of Key Tronic by 105.7% during the 1st quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock valued at $944,000 after acquiring an additional 177,591 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of 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 purchasing an additional 35,400 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of 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 purchasing an additional 9,327 shares in the last quarter. 40.69% of the stock is owned by institutional investors.

Key Tronic Stock Performance

Shares of NASDAQ:KTCC opened at $3.78 on Thursday. The company has a current ratio of 2.06, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. Key Tronic Corporation has a 12 month low of $2.40 and a 12 month high of $4.42. The company has a market capitalization of $41.05 million, a price-to-earnings ratio of -2.36 and a beta of 1.19. The firm’s 50-day moving average is $3.95 and its 200 day moving average is $3.34.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Key Tronic in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Key Tronic presently has a consensus rating of “Sell”.

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.