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

Stock analysts at StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC) in a note issued to investors on Friday. The firm set a “strong-buy” rating on the technology company’s stock.

Key Tronic Stock Down 3.8 %

Shares of NASDAQ:KTCC opened at $2.56 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.78 and a quick ratio of 1.71. The firm’s 50-day moving average is $3.17 and its two-hundred day moving average is $4.50. The firm has a market capitalization of $27.55 million, a PE ratio of -4.49 and a beta of 1.52. Key Tronic has a 1 year low of $2.50 and a 1 year high of $6.14.

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

Institutional Investors Weigh In On Key Tronic

A number of hedge funds and other institutional investors have recently modified their holdings of KTCC. Tieton Capital Management LLC increased its stake in Key Tronic by 23.1% in the 4th quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock valued at $3,124,000 after purchasing an additional 140,573 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Key Tronic by 63.5% in the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $397,000 after buying an additional 37,000 shares in the last quarter. Northern Trust Corp increased its position in shares of Key Tronic by 59.3% in the fourth quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock valued at $219,000 after buying an additional 19,513 shares in the last quarter. Kennedy Capital Management LLC raised 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 worth $591,000 after buying an additional 12,023 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Key Tronic in the 3rd quarter worth about $63,000. 40.69% of the stock is currently owned by institutional investors and hedge funds.

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.