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

Equities research analysts at StockNews.com started coverage on shares of Key Tronic (NASDAQ:KTCC) in a report released on Monday. The firm set a “buy” rating on the technology company’s stock.

Key Tronic Stock Performance

KTCC opened at $5.50 on Monday. The company has a market cap of $59.19 million, a P/E ratio of 275.00 and a beta of 1.51. The company has a quick ratio of 1.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.94. The firm’s 50-day moving average price is $4.54 and its 200-day moving average price is $4.36. Key Tronic has a 52-week low of $3.60 and a 52-week high of $6.14.

Key Tronic (NASDAQ:KTCC) last issued its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.11 earnings per share (EPS) for the quarter. Key Tronic had a negative net margin of 0.14% and a positive return on equity of 0.28%. The business had revenue of $125.69 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Key Tronic stock. Vanguard Group Inc. boosted its position in Key Tronic Co. (NASDAQ:KTCC) by 0.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 Securities & Exchange Commission. 40.69% of the stock is currently owned by institutional investors and hedge funds.

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.