Key Tronic (NASDAQ:KTCC) Issues Q4 2022 Earnings Guidance

Key Tronic (NASDAQ:KTCCGet Rating) issued an update on its fourth quarter 2022 earnings guidance on Monday morning. The company provided EPS guidance of $0.04-$0.10 for the period. The company issued revenue guidance of $125.00 million-$135.00 million.

Shares of Key Tronic stock traded down $0.05 on Monday, reaching $5.00. The company’s stock had a trading volume of 10,600 shares, compared to its average volume of 14,147. The company has a market capitalization of $53.81 million, a P/E ratio of 21.74 and a beta of 1.53. Key Tronic has a 52-week low of $5.00 and a 52-week high of $7.48. The stock has a 50-day moving average price of $5.58 and a 200-day moving average price of $5.96. The company has a quick ratio of 1.11, a current ratio of 2.06 and a debt-to-equity ratio of 0.87.

Separately, StockNews.com started coverage on Key Tronic in a research note on Friday. They issued a hold rating on the stock.

Large investors have recently modified their holdings of the company. Susquehanna International Group LLP acquired a new stake in shares of Key Tronic in the fourth quarter worth approximately $86,000. Renaissance Technologies LLC boosted its stake in shares of Key Tronic by 8.0% in the fourth quarter. Renaissance Technologies LLC now owns 66,775 shares of the technology company’s stock worth $418,000 after acquiring an additional 4,960 shares during the last quarter. Ancora Advisors LLC boosted its stake in shares of Key Tronic by 20.3% in the first quarter. Ancora Advisors LLC now owns 119,073 shares of the technology company’s stock worth $918,000 after acquiring an additional 20,100 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Key Tronic by 6.0% in the first quarter. Vanguard Group Inc. now owns 436,002 shares of the technology company’s stock worth $2,463,000 after acquiring an additional 24,521 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Key Tronic by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 797,145 shares of the technology company’s stock worth $4,504,000 after acquiring an additional 7,277 shares during the last quarter. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

Key Tronic Company Profile (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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