Moors & Cabot Inc. Decreases Position in Key Tronic Co. (NASDAQ:KTCC)

Moors & Cabot Inc. decreased its position in shares of Key Tronic Co. (NASDAQ:KTCC) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,300 shares of the technology company’s stock after selling 4,000 shares during the quarter. Moors & Cabot Inc. owned 0.97% of Key Tronic worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Geode Capital Management LLC lifted its position in 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. Hedge funds and other institutional investors own 40.69% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Key Tronic in a report on Wednesday. They set a “strong-buy” rating on the stock.

Key Tronic Stock Down 0.4 %

KTCC opened at $2.69 on Friday. The stock has a market capitalization of $28.95 million, a price-to-earnings ratio of -4.72 and a beta of 1.52. The firm has a 50 day moving average price of $3.46 and a 200-day moving average price of $4.63. Key Tronic Co. has a twelve month low of $2.50 and a twelve month high of $6.14. The company has a quick ratio of 1.71, a current ratio of 2.78 and a debt-to-equity ratio of 0.89.

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

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.