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

StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report sent to investors on Sunday. The firm issued a buy rating on the technology company’s stock.

Key Tronic Trading Up 0.2 %

KTCC opened at $4.68 on Friday. The company has a fifty day moving average price of $4.69 and a two-hundred day moving average price of $4.33. Key Tronic has a 1-year low of $3.72 and a 1-year high of $7.24. The company has a market cap of $50.36 million, a P/E ratio of 11.41 and a beta of 1.43. The company has a current ratio of 2.64, a quick ratio of 1.59 and a debt-to-equity ratio of 0.87.

Key Tronic (NASDAQ:KTCC) last issued its earnings results on Tuesday, February 6th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Key Tronic had a return on equity of 3.41% and a net margin of 0.72%. The company had revenue of $145.42 million for the quarter.

Institutional Trading of Key Tronic

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Key Tronic by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 797,145 shares of the technology company’s stock worth $4,504,000 after purchasing an additional 7,277 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Key Tronic by 6.0% in the first quarter. Vanguard Group Inc. now owns 436,002 shares of the technology company’s stock valued at $2,463,000 after acquiring an additional 24,521 shares in the last quarter. Ancora Advisors LLC increased its position in shares of Key Tronic by 20.3% during the first quarter. Ancora Advisors LLC now owns 119,073 shares of the technology company’s stock valued at $918,000 after acquiring an additional 20,100 shares during the last quarter. State Street Corp bought a new stake in Key Tronic during the first quarter worth $66,000. Finally, Renaissance Technologies LLC lifted its holdings in Key Tronic by 45.0% during the fourth quarter. Renaissance Technologies LLC now owns 24,400 shares of the technology company’s stock worth $106,000 after acquiring an additional 7,573 shares during the period. Institutional investors own 40.69% of the company’s stock.

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.