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

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

Key Tronic Stock Down 3.5 %

Shares of KTCC opened at $2.48 on Friday. The company’s 50-day moving average price is $3.02 and its 200 day moving average price is $4.41. Key Tronic has a 12-month low of $2.38 and a 12-month 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 firm has a market cap of $26.69 million, a P/E ratio of -4.35 and a beta of 1.52.

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

Institutional Investors Weigh In On Key Tronic

Institutional investors and hedge funds have recently modified their holdings of the company. Tieton Capital Management LLC boosted its holdings in Key Tronic by 23.1% during the 4th quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock valued at $3,124,000 after acquiring an additional 140,573 shares during the period. Renaissance Technologies LLC increased its stake in Key Tronic by 63.5% during the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock worth $397,000 after buying an additional 37,000 shares during the period. Northern Trust Corp boosted its position in Key Tronic by 59.3% in the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock valued at $219,000 after buying an additional 19,513 shares during the period. Kennedy Capital Management LLC grew its stake in shares of Key Tronic by 9.3% in 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. Finally, Virtu Financial LLC purchased a new stake in shares of Key Tronic during the third quarter worth $63,000. Hedge funds and other institutional investors own 40.69% of the company’s stock.

About Key Tronic

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.