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

Stock analysts at StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note issued to investors on Thursday. The firm set a “buy” rating on the technology company’s stock.

Key Tronic Price Performance

Key Tronic stock opened at $5.93 on Thursday. Key Tronic has a 52 week low of $3.60 and a 52 week high of $6.14. The company’s 50 day moving average price is $5.20 and its two-hundred day moving average price is $4.50. The company has a quick ratio of 1.76, a current ratio of 2.77 and a debt-to-equity ratio of 0.94. The stock has a market cap of $63.81 million, a P/E ratio of -74.13 and a beta of 1.51.

Key Tronic (NASDAQ:KTCC) last posted its earnings results on Tuesday, August 13th. The technology company reported $0.11 EPS for the quarter. Key Tronic had a negative net margin of 0.14% and a positive return on equity of 0.28%. The firm had revenue of $125.69 million for the quarter.

Institutional Investors Weigh In On Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Vanguard Group Inc. lifted its stake in shares of Key Tronic Co. (NASDAQ:KTCC) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 447,475 shares of the technology company’s stock after purchasing an additional 3,848 shares during the period. Vanguard Group Inc. owned 4.16% of Key Tronic worth $2,085,000 at the end of the most recent quarter. 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.