Tieton Capital Management LLC Trims Position in Key Tronic Co. (NASDAQ:KTCC)

Tieton Capital Management LLC lessened its position in shares of Key Tronic Co. (NASDAQ:KTCC) by 1.7% in the third quarter, Holdings Channel reports. The fund owned 608,510 shares of the technology company’s stock after selling 10,513 shares during the quarter. Key Tronic comprises 1.8% of Tieton Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding. Tieton Capital Management LLC owned 0.06% of Key Tronic worth $3,481,000 as of its most recent SEC filing.

Separately, Vanguard Group Inc. increased its position in Key Tronic by 0.9% during the first quarter. Vanguard Group Inc. now owns 447,475 shares of the technology company’s stock valued at $2,085,000 after acquiring an additional 3,848 shares during the last quarter. 40.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Key Tronic in a research report on Thursday. They issued a “strong-buy” rating for the company.

Key Tronic Stock Performance

Shares of KTCC opened at $5.61 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.57 and a debt-to-equity ratio of 0.88. The business has a 50-day simple moving average of $5.72 and a two-hundred day simple moving average of $4.69. The stock has a market cap of $60.36 million, a price-to-earnings ratio of -561.00 and a beta of 1.51. Key Tronic Co. 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, November 5th. The technology company reported $0.10 EPS for the quarter. The company had revenue of $131.56 million during the quarter.

Key Tronic 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.