Key Tronic (NASDAQ:KTCC) Announces Quarterly Earnings Results

Key Tronic (NASDAQ:KTCC) released its earnings results on Tuesday. The technology company reported ($0.12) EPS for the quarter, Zacks reports. Key Tronic had a negative net margin of 1.78% and a negative return on equity of 6.22%.

Key Tronic Trading Up 1.2%

KTCC traded up $0.04 during trading on Tuesday, reaching $3.41. 6,394 shares of the company’s stock were exchanged, compared to its average volume of 32,852. Key Tronic has a one year low of $2.21 and a one year high of $6.11. The company has a current ratio of 2.55, a quick ratio of 1.49 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $36.74 million, a PE ratio of -4.37 and a beta of 1.05. The firm has a fifty day moving average price of $3.31 and a two-hundred day moving average price of $2.99.

Institutional Investors Weigh In On Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Goldman Sachs Group Inc. grew its position in Key Tronic Corporation (NASDAQ:KTCC) by 65.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,480 shares of the technology company’s stock after purchasing an additional 9,327 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.22% of Key Tronic worth $61,000 as of its most recent filing with the SEC. 40.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Key Tronic in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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.