Begins Coverage on Key Tronic (NASDAQ:KTCC) assumed coverage on shares of Key Tronic (NASDAQ:KTCCGet Rating) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the technology company’s stock.

KTCC stock opened at $5.54 on Wednesday. Key Tronic has a twelve month low of $5.26 and a twelve month high of $7.48. The company has a current ratio of 2.06, a quick ratio of 1.11 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $59.57 million, a P/E ratio of 25.16 and a beta of 1.61. The firm has a 50 day simple moving average of $5.73 and a 200-day simple moving average of $6.06.

Key Tronic (NASDAQ:KTCCGet Rating) last announced its quarterly earnings data on Tuesday, February 1st. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). Key Tronic had a return on equity of 3.28% and a net margin of 0.46%. The firm had revenue of $134.46 million for the quarter.

A number of hedge funds have recently bought and sold shares of KTCC. Morgan Stanley lifted its stake in Key Tronic by 20.9% in the second quarter. Morgan Stanley now owns 1,534,171 shares of the technology company’s stock valued at $10,003,000 after buying an additional 265,186 shares during the last quarter. BlackRock Inc. lifted its stake in Key Tronic by 76.6% in the third quarter. BlackRock Inc. now owns 51,689 shares of the technology company’s stock valued at $335,000 after buying an additional 22,423 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of Key Tronic during the fourth quarter valued at about $86,000. Finally, Renaissance Technologies LLC raised its stake in shares of Key Tronic by 8.0% during the fourth quarter. Renaissance Technologies LLC now owns 66,775 shares of the technology company’s stock valued at $418,000 after purchasing an additional 4,960 shares in the last quarter. Institutional investors own 42.01% of the company’s stock.

About Key Tronic (Get Rating)

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; automated tape winding; prototype design; and full product assembly services.

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