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

Stock analysts at StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC) in a report released on Saturday. The brokerage set a “buy” rating on the technology company’s stock.

Key Tronic Stock Down 2.6 %

Shares of KTCC opened at $3.75 on Friday. The company’s 50-day simple moving average is $4.01 and its 200-day simple moving average is $4.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.75 and a current ratio of 2.80. Key Tronic has a 1 year low of $3.60 and a 1 year high of $6.24. The stock has a market capitalization of $40.35 million, a PE ratio of 187.50 and a beta of 1.48.

Key Tronic (NASDAQ:KTCC) last released its earnings results on Tuesday, May 7th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.21). The company had revenue of $140.53 million for the quarter. Key Tronic had a net margin of 0.04% and a return on equity of 0.20%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. lifted its position in shares of Key Tronic Co. (NASDAQ:KTCC) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 447,475 shares of the technology company’s stock after purchasing an additional 3,848 shares during the period. Vanguard Group Inc. owned about 4.16% of Key Tronic worth $2,085,000 at the end of the most recent reporting period. 40.69% of the stock is owned by institutional investors.

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.