Key Tronic (NASDAQ:KTCC) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCC) in a report issued on Wednesday. The firm issued a strong-buy rating on the technology company’s stock.

Key Tronic Price Performance

KTCC opened at $3.95 on Wednesday. The stock has a market cap of $42.50 million, a P/E ratio of -395.00 and a beta of 1.54. 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 company has a fifty day simple moving average of $4.83 and a 200 day simple moving average of $4.82. Key Tronic has a 12 month low of $3.60 and a 12 month high of $6.14.

Key Tronic (NASDAQ:KTCC) last released its quarterly earnings results on Tuesday, November 5th. The technology company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $131.56 million during the quarter.

Hedge Funds Weigh In On Key Tronic

An institutional investor recently bought a new position in Key Tronic stock. Virtu Financial LLC purchased a new stake in shares of Key Tronic Co. (NASDAQ:KTCC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,972 shares of the technology company’s stock, valued at approximately $63,000. Virtu Financial LLC owned about 0.10% of Key Tronic as of its most recent filing with the Securities and Exchange Commission (SEC). 40.69% of the stock is currently owned by institutional investors.

Key Tronic Company 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.