Key Tronic (NASDAQ:KTCC) Announces Earnings Results

Key Tronic (NASDAQ:KTCC) issued its earnings results on Tuesday. The technology company reported ($0.26) EPS for the quarter, FiscalAI reports. Key Tronic had a negative net margin of 3.68% and a negative return on equity of 5.08%. The firm had revenue of $89.57 million during the quarter.

Key Tronic Stock Performance

Shares of KTCC traded down $0.01 during mid-day trading on Tuesday, reaching $2.90. The company had a trading volume of 6,795 shares, compared to its average volume of 11,611. The stock has a market capitalization of $31.49 million, a P/E ratio of -2.04 and a beta of 1.16. Key Tronic has a 52-week low of $2.22 and a 52-week high of $3.70. The stock has a 50 day moving average of $2.81 and a two-hundred day moving average of $2.83. The company has a quick ratio of 1.17, a current ratio of 2.03 and a debt-to-equity ratio of 0.89.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KTCC. Goldman Sachs Group Inc. boosted its position in Key Tronic by 65.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock worth $61,000 after purchasing an additional 9,327 shares in the last quarter. Bensler LLC acquired a new position in shares of Key Tronic in the 3rd quarter valued at $109,000. Finally, Moors & Cabot Inc. boosted its holdings in Key Tronic by 27.8% during the third quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock worth $582,000 after buying an additional 35,400 shares in the last quarter. 40.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Key Tronic in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.