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 sent to investors on Thursday morning. The brokerage issued a strong-buy rating on the technology company’s stock.

Key Tronic Stock Up 2.6 %

NASDAQ:KTCC opened at $2.78 on Thursday. Key Tronic has a 1 year low of $2.50 and a 1 year high of $6.14. The company has a current ratio of 2.78, a quick ratio of 1.71 and a debt-to-equity ratio of 0.89. The stock has a market cap of $29.92 million, a price-to-earnings ratio of -4.88 and a beta of 1.52. The stock has a 50-day moving average price of $3.33 and a two-hundred day moving average price of $4.58.

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

Institutional Trading of Key Tronic

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Key Tronic by 8.9% in 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 in the last quarter. Virtu Financial LLC bought a new stake in Key Tronic during the third quarter worth about $63,000. Northern Trust Corp raised its holdings in Key Tronic by 59.3% during the fourth quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock worth $219,000 after acquiring an additional 19,513 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Key Tronic by 63.5% during the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock worth $397,000 after acquiring an additional 37,000 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its holdings in Key Tronic by 9.3% during the fourth quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock worth $591,000 after acquiring an additional 12,023 shares in the last quarter. 40.69% of the stock is currently owned by institutional investors.

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.