Key Tronic (NASDAQ:KTCC) Stock Passes Below 200-Day Moving Average – Should You Sell?

Key Tronic Corporation (NASDAQ:KTCC) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.99 and traded as low as $2.52. Key Tronic shares last traded at $2.5540, with a volume of 21,020 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Key Tronic in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Key Tronic has an average rating of “Sell”.

Key Tronic Price Performance

The company has a fifty day simple moving average of $2.84 and a two-hundred day simple moving average of $2.99. The stock has a market capitalization of $27.74 million, a price-to-earnings ratio of -2.34 and a beta of 1.08. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.39.

Hedge Funds Weigh In On Key Tronic

Several hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in Key Tronic by 65.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock worth $61,000 after purchasing an additional 9,327 shares in the last quarter. Bensler LLC bought a new position in shares of Key Tronic in the 3rd quarter valued at $109,000. Finally, Moors & Cabot Inc. boosted its holdings in shares of Key Tronic by 26.9% during the 2nd quarter. Moors & Cabot Inc. now owns 127,550 shares of the technology company’s stock valued at $365,000 after acquiring an additional 27,000 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.