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

StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCCFree Report) in a report issued on Sunday morning. The brokerage issued a buy rating on the technology company’s stock.

Separately, TheStreet lowered shares of Key Tronic from a c rating to a d+ rating in a research note on Tuesday, October 31st.

Get Our Latest Stock Analysis on Key Tronic

Key Tronic Price Performance

NASDAQ KTCC opened at $4.70 on Friday. Key Tronic has a 12 month low of $3.72 and a 12 month high of $7.53. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.46 and a quick ratio of 1.51. The firm has a market capitalization of $50.58 million, a PE ratio of 11.46 and a beta of 1.41. The company’s 50 day simple moving average is $4.26 and its 200 day simple moving average is $4.42.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KTCC. Dimensional Fund Advisors LP grew its position in Key Tronic by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 797,145 shares of the technology company’s stock worth $4,504,000 after buying an additional 7,277 shares during the last quarter. Vanguard Group Inc. grew its position in Key Tronic by 6.0% in the first quarter. Vanguard Group Inc. now owns 436,002 shares of the technology company’s stock worth $2,463,000 after buying an additional 24,521 shares during the last quarter. Ancora Advisors LLC grew its position in Key Tronic by 20.3% in the first quarter. Ancora Advisors LLC now owns 119,073 shares of the technology company’s stock worth $918,000 after buying an additional 20,100 shares during the last quarter. State Street Corp acquired a new position in Key Tronic in the first quarter worth approximately $66,000. Finally, Renaissance Technologies LLC grew its position in Key Tronic by 45.0% in the fourth quarter. Renaissance Technologies LLC now owns 24,400 shares of the technology company’s stock worth $106,000 after buying an additional 7,573 shares during the last quarter.

About Key Tronic

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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.

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