Key Tronic (NASDAQ:KTCC) Share Price Passes Below 200-Day Moving Average – Here’s Why

Key Tronic Corporation (NASDAQ:KTCC)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.86 and traded as low as $2.72. Key Tronic shares last traded at $2.83, with a volume of 33,270 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Key Tronic in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Key Tronic Trading Up 1.4%

The company has a debt-to-equity ratio of 0.89, a current ratio of 2.03 and a quick ratio of 1.17. The stock has a market capitalization of $30.73 million, a price-to-earnings ratio of -1.99 and a beta of 1.16. The business has a 50 day simple moving average of $2.84 and a 200-day simple moving average of $2.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Moors & Cabot Inc. grew its stake in Key Tronic by 27.8% in the third quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock valued at $582,000 after acquiring an additional 35,400 shares during the period. Goldman Sachs Group Inc. grew its stake in Key Tronic by 65.9% in the first quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after acquiring an additional 9,327 shares during the period. Finally, Bensler LLC acquired a new position in Key Tronic in the third quarter valued at about $109,000. 40.69% of the stock is owned by institutional investors and hedge funds.

Key Tronic Company Profile

Key Tronic Corporation (NASDAQ: KTCC) is a global electronics manufacturer headquartered in Spokane, Washington. The company specializes in the design, development and production of human-machine interfaces and input devices, with a core legacy in keyboard technology. Over more than five decades, Key Tronic has expanded its capabilities beyond keyboards to encompass a broad range of electronic assemblies for OEMs across computing, industrial, medical and consumer markets.

Key Tronic’s product portfolio includes membrane and mechanical keyboards, touch panels, silicone keypads and custom input solutions tailored to customer specifications.