Key Tronic (NASDAQ:KTCC) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a report issued on Wednesday. The firm set a “strong-buy” rating on the technology company’s stock.

Key Tronic Stock Up 3.4 %

Shares of NASDAQ:KTCC opened at $2.45 on Wednesday. The company has a market capitalization of $26.37 million, a price-to-earnings ratio of -4.30 and a beta of 1.00. The company has a 50 day moving average of $2.56 and a two-hundred day moving average of $3.88. Key Tronic has a 52-week low of $2.21 and a 52-week high of $6.14. The company has a quick ratio of 1.71, a current ratio of 2.78 and a debt-to-equity ratio of 0.89.

Key Tronic (NASDAQ:KTCC) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.06) earnings per share for the quarter. Key Tronic had a negative net margin of 1.17% and a negative return on equity of 3.23%.

Institutional Investors Weigh In On Key Tronic

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tieton Capital Management LLC grew its position in shares of Key Tronic by 23.1% during the fourth quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock worth $3,124,000 after buying an additional 140,573 shares in the last quarter. Kennedy Capital Management LLC increased its position in Key Tronic by 9.3% in the 4th quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after acquiring an additional 12,023 shares during the period. Renaissance Technologies LLC lifted its holdings in Key Tronic by 63.5% in the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock worth $397,000 after purchasing an additional 37,000 shares during the period. Geode Capital Management LLC increased its stake in shares of Key Tronic by 8.9% during the third quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock valued at $537,000 after acquiring an additional 7,636 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Key Tronic by 59.3% in the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock worth $219,000 after buying an additional 19,513 shares in the last quarter. 40.69% of the stock is currently owned by hedge funds and other institutional investors.

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.