StockNews.com Begins Coverage on Key Tronic (NASDAQ:KTCC)

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

Key Tronic Stock Down 0.7 %

Shares of NASDAQ:KTCC opened at $4.46 on Thursday. The company has a 50 day moving average price of $4.61 and a two-hundred day moving average price of $4.37. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.59 and a current ratio of 2.64. The company has a market capitalization of $47.99 million, a PE ratio of 223.00 and a beta of 1.45. Key Tronic has a 52 week low of $3.72 and a 52 week high of $6.24.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. boosted its stake in shares of Key Tronic Co. (NASDAQ:KTCC) by 0.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 447,475 shares of the technology company’s stock after buying an additional 3,848 shares during the period. Vanguard Group Inc. owned approximately 4.16% of Key Tronic worth $2,085,000 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.