StockNews.com Initiates Coverage on Key Tronic (NASDAQ:KTCC)

Analysts at StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCC) in a report released on Tuesday. The firm set a “buy” rating on the technology company’s stock.

Separately, TheStreet lowered Key Tronic from a “c” rating to a “d+” rating in a research note on Tuesday, October 31st.

Key Tronic Stock Up 0.5 %

Shares of KTCC stock opened at $3.98 on Tuesday. Key Tronic has a 12 month low of $3.72 and a 12 month high of $7.53. The firm has a market cap of $42.82 million, a PE ratio of 9.95 and a beta of 1.51. The stock has a 50 day moving average of $4.32 and a 200-day moving average of $5.18. The company has a quick ratio of 1.39, a current ratio of 2.30 and a debt-to-equity ratio of 0.96.

Key Tronic (NASDAQ:KTCC) last issued its earnings results on Tuesday, August 15th. The technology company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The firm had revenue of $162.61 million during the quarter. Key Tronic had a net margin of 0.72% and a return on equity of 1.77%.

Institutional Trading of Key Tronic

A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its position in Key Tronic by 12.7% in the first quarter. Renaissance Technologies LLC now owns 27,500 shares of the technology company’s stock valued at $200,000 after acquiring an additional 3,100 shares during the period. Dimensional Fund Advisors LP grew its position in Key Tronic by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 808,358 shares of the technology company’s stock valued at $3,266,000 after acquiring an additional 3,476 shares during the period. Moors & Cabot Inc. grew its holdings in shares of Key Tronic by 2.3% during the first quarter. Moors & Cabot Inc. now owns 156,750 shares of the technology company’s stock worth $1,140,000 after purchasing an additional 3,500 shares during the last quarter. Simplex Trading LLC bought a new stake in shares of Key Tronic during the first quarter worth $26,000. Finally, Tieton Capital Management LLC grew its holdings in shares of Key Tronic by 0.6% during the second quarter. Tieton Capital Management LLC now owns 663,946 shares of the technology company’s stock worth $3,765,000 after purchasing an additional 3,701 shares during the last quarter.

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.