Key Tronic (NASDAQ:KTCC) Now Covered by Analysts at StockNews.com

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

Key Tronic Stock Up 4.9 %

KTCC stock opened at $2.79 on Wednesday. Key Tronic has a 12 month low of $2.50 and a 12 month high of $6.14. The firm has a market cap of $30.03 million, a PE ratio of -4.89 and a beta of 1.52. The firm has a 50 day simple moving average of $3.52 and a 200 day simple moving average of $4.66. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.78 and a quick ratio of 1.71.

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

Institutional Investors Weigh In On Key Tronic

Several hedge funds have recently made changes to their positions in KTCC. Virtu Financial LLC purchased a new stake in shares of Key Tronic in the 3rd quarter valued at approximately $63,000. Northern Trust Corp lifted its position in shares of 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 acquiring an additional 19,513 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Key Tronic by 63.5% in the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $397,000 after acquiring an additional 37,000 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Key Tronic by 8.9% in the 3rd quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock valued at $537,000 after acquiring an additional 7,636 shares in the last quarter. Finally, Kennedy Capital Management LLC lifted its position in shares of Key Tronic by 9.3% in the 4th quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after acquiring an additional 12,023 shares in the last quarter. 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.