Tieton Capital Management LLC Purchases 140,573 Shares of Key Tronic Co. (NASDAQ:KTCC)

Tieton Capital Management LLC grew its position in shares of Key Tronic Co. (NASDAQ:KTCC) by 23.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 749,083 shares of the technology company’s stock after acquiring an additional 140,573 shares during the quarter. Key Tronic comprises 1.3% of Tieton Capital Management LLC’s holdings, making the stock its 29th largest holding. Tieton Capital Management LLC owned 0.07% of Key Tronic worth $3,124,000 at the end of the most recent reporting period.

Separately, Virtu Financial LLC purchased a new position in shares of Key Tronic during the third quarter valued at approximately $63,000. Hedge funds and other institutional investors own 40.69% of the company’s stock.

Key Tronic Stock Down 1.1 %

Shares of NASDAQ:KTCC opened at $2.75 on Monday. The business’s 50 day moving average is $3.30 and its 200 day moving average is $4.57. The company has a quick ratio of 1.71, a current ratio of 2.78 and a debt-to-equity ratio of 0.89. Key Tronic Co. has a 12-month low of $2.50 and a 12-month high of $6.14. The stock has a market cap of $29.60 million, a price-to-earnings ratio of -4.82 and a beta of 1.52.

Key Tronic (NASDAQ:KTCC) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.38) earnings per share for the quarter. Key Tronic had a negative return on equity of 3.23% and a negative net margin of 1.17%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Key Tronic in a research report on Thursday. They set a “strong-buy” rating on the stock.

Key Tronic 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.