Key Tronic (NASDAQ:KTCC) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report released on Thursday morning. The firm issued a strong-buy rating on the technology company’s stock.

Key Tronic Stock Performance

KTCC opened at $4.17 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.72 and a current ratio of 2.57. Key Tronic has a 52-week low of $3.60 and a 52-week high of $6.14. The firm has a market cap of $44.87 million, a P/E ratio of -417.00 and a beta of 1.54. The business’s fifty day moving average is $4.72 and its 200-day moving average is $4.84.

Key Tronic (NASDAQ:KTCC) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $131.56 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Key Tronic stock. Virtu Financial LLC purchased a new stake in Key Tronic Co. (NASDAQ:KTCC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,972 shares of the technology company’s stock, valued at approximately $63,000. Virtu Financial LLC owned about 0.10% of Key Tronic as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors 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.