Key Tronic (NASDAQ:KTCC) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a report issued on Monday. The brokerage issued a buy rating on the technology company’s stock.

Key Tronic Stock Down 0.7 %

KTCC stock opened at $4.50 on Monday. The company has a market capitalization of $48.42 million, a price-to-earnings ratio of 10.98 and a beta of 1.43. Key Tronic has a fifty-two week low of $3.72 and a fifty-two week high of $7.04. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.59 and a current ratio of 2.64. The stock has a fifty day moving average of $4.72 and a 200-day moving average of $4.34.

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

Institutional Trading of Key Tronic

Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp purchased a new position in shares of Key Tronic during the 1st quarter valued at about $66,000. O Shaughnessy Asset Management LLC bought a new stake in Key Tronic during the first quarter worth about $87,000. Millennium Management LLC purchased a new position in Key Tronic during the fourth quarter valued at $54,000. Susquehanna International Group LLP purchased a new stake in Key Tronic during the 1st quarter valued at about $128,000. Finally, Royal Bank of Canada lifted its position in Key Tronic by 42.8% in the 2nd quarter. Royal Bank of Canada now owns 24,135 shares of the technology company’s stock valued at $137,000 after acquiring an additional 7,235 shares in the last quarter. 40.69% of the stock is currently owned by hedge funds and other institutional investors.

About Key Tronic

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.