Key Tronic (NASDAQ:KTCC) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Key Tronic Corporation (NASDAQ:KTCC) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.17 and traded as high as $3.98. Key Tronic shares last traded at $3.84, with a volume of 12,615 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Key Tronic in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Key Tronic Trading Down 6.9%

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 stock has a market capitalization of $39.53 million, a PE ratio of -2.27 and a beta of 1.19. The stock has a 50 day moving average price of $3.76 and a 200-day moving average price of $3.18.

Hedge Funds Weigh In On Key Tronic

Several institutional investors have recently made changes to their positions in KTCC. Goldman Sachs Group Inc. boosted its holdings in shares of Key Tronic by 65.9% in the first quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock worth $61,000 after buying an additional 9,327 shares during the last quarter. Moors & Cabot Inc. increased its holdings in Key Tronic by 27.8% during the third quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock valued at $582,000 after buying an additional 35,400 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Key Tronic by 105.7% during the first quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock valued at $944,000 after buying an additional 177,591 shares during the last quarter. Institutional investors own 40.69% of the company’s stock.

Key Tronic Company Profile

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.