Key Tronic (NASDAQ:KTCC) Earns Strong-Buy Rating from Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note issued to investors on Saturday. The brokerage set a “strong-buy” rating on the technology company’s stock.

Key Tronic Stock Performance

KTCC opened at $5.94 on Friday. The company’s 50 day moving average is $5.51 and its 200 day moving average is $4.60. The company has a current ratio of 2.77, a quick ratio of 1.76 and a debt-to-equity ratio of 0.94. The company has a market cap of $63.91 million, a price-to-earnings ratio of -594.00 and a beta of 1.51. Key Tronic has a 12-month low of $3.60 and a 12-month high of $6.14.

Key Tronic (NASDAQ:KTCC) last issued its quarterly earnings results on Tuesday, November 5th. The technology company reported $0.10 earnings per share for the quarter. The business had revenue of $131.56 million for the quarter.

Institutional Trading of Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. boosted its holdings in shares of Key Tronic Co. (NASDAQ:KTCC) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 447,475 shares of the technology company’s stock after purchasing an additional 3,848 shares during the quarter. Vanguard Group Inc. owned about 4.16% of Key Tronic worth $2,085,000 at the end of the most recent quarter. 40.69% of the stock is owned by hedge funds and other institutional investors.

About Key Tronic

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.