StockNews.com Begins Coverage on Key Tronic (NASDAQ:KTCC)

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

Key Tronic Stock Down 4.4 %

Shares of KTCC stock opened at $3.95 on Wednesday. Key Tronic has a 52-week low of $3.60 and a 52-week high of $6.14. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.72 and a current ratio of 2.57. The stock has a market cap of $42.50 million, a price-to-earnings ratio of -395.00 and a beta of 1.54. The firm’s 50-day moving average is $4.83 and its 200-day moving average is $4.82.

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

Hedge Funds Weigh In On Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Geode Capital Management LLC raised its position in Key Tronic Co. (NASDAQ:KTCC) by 8.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,778 shares of the technology company’s stock after buying an additional 7,636 shares during the quarter. Geode Capital Management LLC owned 0.87% of Key Tronic worth $537,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 40.69% of the company’s stock.

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.