Key Tronic (NASDAQ:KTCC) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Key Tronic Corporation (NASDAQ:KTCC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.22 and traded as high as $4.05. Key Tronic shares last traded at $3.93, with a volume of 17,142 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Key Tronic in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Key Tronic has an average rating of “Sell”.

Key Tronic Trading Down 1.3%

The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 2.06. The company has a market capitalization of $42.79 million, a price-to-earnings ratio of -2.46 and a beta of 1.19. The firm has a fifty day moving average price of $3.84 and a 200-day moving average price of $3.23.

Hedge Funds Weigh In On Key Tronic

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in shares of Key Tronic by 65.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after buying an additional 9,327 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of Key Tronic by 27.8% during the 3rd quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock worth $582,000 after acquiring an additional 35,400 shares in the last quarter. Finally, 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 worth $944,000 after acquiring an additional 177,591 shares in the last quarter. 40.69% of the stock is owned by institutional investors.

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.