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

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

Key Tronic Trading Up 1.0 %

Shares of NASDAQ:KTCC opened at $3.10 on Monday. Key Tronic has a 1 year low of $2.86 and a 1 year high of $6.14. The stock’s fifty day moving average price is $3.76 and its 200-day moving average price is $4.76. The company has a market cap of $33.36 million, a P/E ratio of -5.44 and a beta of 1.53. 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 posted its earnings results on Tuesday, February 4th. The technology company reported ($0.38) earnings per share (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

Large investors have recently added to or reduced their stakes in the stock. Tieton Capital Management LLC boosted its stake in shares of Key Tronic by 23.1% in the 4th quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock worth $3,124,000 after buying an additional 140,573 shares during the last quarter. Kennedy Capital Management LLC increased its position in Key Tronic by 9.3% during the fourth 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 during the last quarter. Renaissance Technologies LLC lifted its holdings in Key Tronic by 63.5% in the fourth 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 during the period. Geode Capital Management LLC boosted its position in Key Tronic by 8.9% in the third quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock worth $537,000 after purchasing an additional 7,636 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Key Tronic by 59.3% during the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock valued at $219,000 after purchasing an additional 19,513 shares during the period. 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.