Key Tronic (NASDAQ:KTCC) Now Covered by Analysts at StockNews.com

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

Key Tronic Price Performance

Shares of NASDAQ KTCC opened at $4.53 on Monday. Key Tronic has a fifty-two week low of $3.72 and a fifty-two week high of $7.22. The company has a 50 day simple moving average of $4.71 and a two-hundred day simple moving average of $4.34. The company has a market capitalization of $48.75 million, a price-to-earnings ratio of 11.05 and a beta of 1.43. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.59 and a current ratio of 2.64.

Key Tronic (NASDAQ:KTCC) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $145.42 million during the quarter. Key Tronic had a net margin of 0.72% and a return on equity of 3.41%.

Institutional Investors Weigh In On Key Tronic

A number of large investors have recently added to or reduced their stakes in KTCC. Dimensional Fund Advisors LP grew its position in Key Tronic by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 797,145 shares of the technology company’s stock worth $4,504,000 after purchasing an additional 7,277 shares during the period. Vanguard Group Inc. boosted its stake in shares of Key Tronic by 6.0% during the 1st 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. Ancora Advisors LLC boosted its stake in shares of Key Tronic by 20.3% during the 1st 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. State Street Corp purchased a new position in shares of Key Tronic during the 1st quarter worth $66,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Key Tronic by 45.0% during the 4th quarter. Renaissance Technologies LLC now owns 24,400 shares of the technology company’s stock worth $106,000 after acquiring an additional 7,573 shares during the last quarter. Institutional investors own 40.69% of the company’s stock.

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.