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

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

Separately, TheStreet cut Key Tronic from a c rating to a d+ rating in a research report on Tuesday, October 31st.

Key Tronic Stock Down 0.5 %

KTCC stock opened at $3.81 on Wednesday. The stock’s fifty day simple moving average is $4.18 and its two-hundred day simple moving average is $5.01. The company has a current ratio of 2.46, a quick ratio of 1.51 and a debt-to-equity ratio of 0.89. Key Tronic has a 1-year low of $3.72 and a 1-year high of $7.53. The stock has a market cap of $41.00 million, a P/E ratio of 9.53 and a beta of 1.51.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KTCC. Simplex Trading LLC purchased a new position in Key Tronic in the first quarter worth $26,000. Millennium Management LLC purchased a new position in shares of Key Tronic during the 4th quarter valued at $54,000. State Street Corp purchased a new position in shares of Key Tronic during the 1st quarter valued at $66,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Key Tronic during the 1st quarter valued at $87,000. Finally, Renaissance Technologies LLC lifted its position in shares of Key Tronic by 45.0% during the 4th quarter. Renaissance Technologies LLC now owns 24,400 shares of the technology company’s stock valued at $106,000 after buying an additional 7,573 shares during the last quarter.

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.