Key Tronic (NASDAQ:KTCC) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Key Tronic Corporation (NASDAQ:KTCC)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.17 and traded as high as $3.98. Key Tronic shares last traded at $3.84, with a volume of 12,615 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Key Tronic in a report on Friday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Key Tronic Stock Up 0.8%

The company has a current ratio of 2.06, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. The stock has a 50 day simple moving average of $3.74 and a 200 day simple moving average of $3.17. The firm has a market capitalization of $41.70 million, a PE ratio of -2.40 and a beta of 1.19.

Institutional Investors Weigh In On Key Tronic

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings 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 in the last quarter. Moors & Cabot Inc. raised its holdings in Key Tronic by 27.8% in the 3rd quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock worth $582,000 after purchasing an additional 35,400 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Key Tronic by 105.7% in the 1st quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock worth $944,000 after purchasing an additional 177,591 shares in the last quarter. Hedge funds and other institutional investors own 40.69% of the company’s stock.

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.