Key Tronic (NASDAQ:KTCC) Now Covered by StockNews.com

StockNews.com initiated 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 Stock Up 10.2%

KTCC opened at $2.60 on Thursday. The stock has a market capitalization of $27.98 million, a price-to-earnings ratio of -4.56 and a beta of 1.00. The firm has a 50 day moving average price of $2.49 and a 200-day moving average price of $3.73. Key Tronic has a twelve month low of $2.21 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 announced its earnings results on Tuesday, May 6th. The technology company reported ($0.06) earnings per share for the quarter. The company had revenue of $111.97 million for the quarter. Key Tronic had a negative net margin of 1.17% and a negative return on equity of 3.23%.

Hedge Funds Weigh In On Key Tronic

Institutional investors have recently bought and sold shares of the stock. Tieton Capital Management LLC increased its position in Key Tronic by 23.1% in the fourth quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock worth $3,124,000 after buying an additional 140,573 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Key Tronic by 63.5% in the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock worth $397,000 after acquiring an additional 37,000 shares in the last quarter. Kennedy Capital Management LLC raised its stake in 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 acquiring an additional 12,023 shares during the period. Finally, Northern Trust Corp raised its stake in Key Tronic by 59.3% during the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock worth $219,000 after acquiring an additional 19,513 shares during the period. 40.69% of the stock is 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.