Key Tronic (NASDAQ:KTCC) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Key Tronic Corporation (NASDAQ:KTCC)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.82 and traded as high as $3.20. Key Tronic shares last traded at $3.20, with a volume of 7,514 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Key Tronic in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Key Tronic Price Performance

The stock has a market cap of $33.99 million, a PE ratio of -1.96 and a beta of 1.16. The company has a current ratio of 2.06, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. The company’s 50 day moving average is $2.88 and its 200-day moving average is $2.82.

Institutional Investors Weigh In On Key Tronic

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its position in shares of Key Tronic by 65.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock worth $61,000 after purchasing an additional 9,327 shares during the last quarter. Bensler LLC bought a new stake in shares of Key Tronic in the 3rd quarter worth about $109,000. Moors & Cabot Inc. increased its position in shares of Key Tronic by 27.8% in the 3rd quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock worth $582,000 after purchasing an additional 35,400 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Key Tronic by 105.7% in the 1st quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock worth $944,000 after purchasing an additional 177,591 shares during the last quarter. Institutional investors own 40.69% of the company’s stock.

About Key Tronic

Key Tronic Corporation (NASDAQ: KTCC) is a global electronics manufacturer headquartered in Spokane, Washington. The company specializes in the design, development and production of human-machine interfaces and input devices, with a core legacy in keyboard technology. Over more than five decades, Key Tronic has expanded its capabilities beyond keyboards to encompass a broad range of electronic assemblies for OEMs across computing, industrial, medical and consumer markets.

Key Tronic’s product portfolio includes membrane and mechanical keyboards, touch panels, silicone keypads and custom input solutions tailored to customer specifications.