Key Tronic (NASDAQ:KTCC) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Key Tronic Corporation (NASDAQ:KTCC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.83 and traded as high as $3.20. Key Tronic shares last traded at $3.20, with a volume of 3,519 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Key Tronic in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Key Tronic Stock Down 2.4%

The firm has a fifty day simple moving average of $2.83 and a 200-day simple moving average of $2.83. The firm has a market cap of $34.75 million, a price-to-earnings ratio of -2.00 and a beta of 1.16. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.06.

Institutional Investors Weigh In On Key Tronic

Hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its holdings in Key Tronic by 65.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after purchasing an additional 9,327 shares during the last quarter. Bensler LLC acquired a new stake in Key Tronic during the 3rd quarter valued at $109,000. Finally, Moors & Cabot Inc. lifted its holdings in Key Tronic by 27.8% during the 3rd quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock valued at $582,000 after purchasing an additional 35,400 shares during the last quarter. Institutional investors and hedge funds 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.