StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCC – Get Free Report) in a research note issued to investors on Monday. The brokerage set a “buy” rating on the technology company’s stock.
Key Tronic Stock Up 0.2 %
NASDAQ KTCC opened at $4.80 on Monday. The stock has a 50 day moving average price of $5.42 and a 200-day moving average price of $5.99. Key Tronic has a one year low of $4.00 and a one year high of $7.53. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.26 and a current ratio of 2.21. The company has a market capitalization of $51.65 million, a P/E ratio of 10.00 and a beta of 1.43.
Hedge Funds Weigh In On Key Tronic
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kennedy Capital Management LLC raised its position in shares of Key Tronic by 564.6% during the 2nd quarter. Kennedy Capital Management LLC now owns 103,834 shares of the technology company’s stock valued at $589,000 after buying an additional 88,210 shares in the last quarter. BlackRock Inc. raised its position in Key Tronic by 32.2% during the second quarter. BlackRock Inc. now owns 56,537 shares of the technology company’s stock valued at $321,000 after purchasing an additional 13,760 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Key Tronic by 12.7% in the 1st quarter. Renaissance Technologies LLC now owns 27,500 shares of the technology company’s stock valued at $200,000 after purchasing an additional 3,100 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Key Tronic by 42.8% in the 2nd quarter. Royal Bank of Canada now owns 24,135 shares of the technology company’s stock worth $137,000 after purchasing an additional 7,235 shares during the period. Finally, Susquehanna International Group LLP bought a new position in shares of Key Tronic during the 1st quarter valued at approximately $128,000.
Key Tronic Company 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.
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