Key Tronic (NASDAQ:KTCC) Earns Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a research note published on Wednesday morning. The brokerage issued a buy rating on the technology company’s stock.

Key Tronic Stock Down 0.7 %

Shares of KTCC opened at $4.36 on Wednesday. The company has a current ratio of 2.80, a quick ratio of 1.75 and a debt-to-equity ratio of 0.94. Key Tronic has a 12 month low of $3.60 and a 12 month high of $5.14. The firm’s 50 day moving average is $3.95 and its 200-day moving average is $4.32. The stock has a market capitalization of $46.92 million, a PE ratio of 218.00 and a beta of 1.49.

Hedge Funds Weigh In On Key Tronic

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. increased its stake in Key Tronic Co. (NASDAQ:KTCC) by 0.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 447,475 shares of the technology company’s stock after purchasing 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.