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 Thursday morning. The brokerage issued a strong-buy rating on the technology company’s stock.

Key Tronic Trading Down 1.1 %

NASDAQ:KTCC opened at $2.75 on Thursday. The company has a market capitalization of $29.60 million, a PE ratio of -4.82 and a beta of 1.52. 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 has a 52-week low of $2.50 and a 52-week high of $6.14. The stock has a fifty day simple moving average of $3.30 and a 200-day simple moving average of $4.57.

Key Tronic (NASDAQ:KTCC) last announced its 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%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake 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 purchasing an additional 7,636 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Key Tronic during the 3rd quarter valued at about $63,000. Kennedy Capital Management LLC increased its stake in shares of Key Tronic by 9.3% during the 4th quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after acquiring an additional 12,023 shares during the last quarter. Northern Trust Corp increased its stake in shares of Key Tronic by 59.3% during the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock valued at $219,000 after acquiring an additional 19,513 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Key Tronic by 63.5% during the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $397,000 after acquiring an additional 37,000 shares during the last quarter. Institutional investors and hedge funds own 40.69% of the company’s stock.

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.