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

StockNews.com started coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note issued to investors on Sunday morning. The brokerage issued a strong-buy rating on the technology company’s stock.

Key Tronic Price Performance

KTCC stock opened at $2.31 on Friday. The company has a current ratio of 2.78, a quick ratio of 1.71 and a debt-to-equity ratio of 0.89. Key Tronic has a 12-month low of $2.21 and a 12-month high of $6.14. The company has a market cap of $24.86 million, a PE ratio of -4.05 and a beta of 1.38. The stock has a 50-day moving average price of $2.78 and a two-hundred day moving average price of $4.22.

Key Tronic (NASDAQ:KTCC) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.38) earnings per share for the quarter. Key Tronic had a negative return on equity of 3.23% and a negative net margin of 1.17%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Tieton Capital Management LLC lifted 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 purchasing an additional 140,573 shares during the last quarter. Kennedy Capital Management LLC grew 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 worth $591,000 after purchasing an additional 12,023 shares during the last quarter. Renaissance Technologies LLC increased its position in Key Tronic by 63.5% in the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $397,000 after acquiring an additional 37,000 shares during the period. Geode Capital Management LLC increased its holdings 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 purchasing an additional 7,636 shares during the period. Finally, Northern Trust Corp increased its stake in Key Tronic by 59.3% during the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock valued at $219,000 after buying an additional 19,513 shares during the period. Institutional investors and hedge funds own 40.69% of the company’s stock.

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.