Key Tronic (NASDAQ:KTCC) CEO Brett Larsen Sells 2,957 Shares

Key Tronic Corporation (NASDAQ:KTCC) CEO Brett Larsen sold 2,957 shares of Key Tronic stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $3.73, for a total value of $11,029.61. Following the sale, the chief executive officer owned 28,284 shares of the company’s stock, valued at approximately $105,499.32. This represents a 9.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Key Tronic Price Performance

NASDAQ:KTCC opened at $2.51 on Tuesday. The firm has a market cap of $27.26 million, a price-to-earnings ratio of -0.57 and a beta of 1.19. 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 $3.90 and its two-hundred day moving average is $3.37. Key Tronic Corporation has a 12-month low of $2.40 and a 12-month high of $4.42.

Key Tronic (NASDAQ:KTCC) last issued its quarterly earnings results on Thursday, August 27th. The technology company reported ($0.26) EPS for the quarter. Key Tronic had a negative return on equity of 6.42% and a negative net margin of 12.36%.The firm had revenue of $102.03 million for the quarter.

Institutional Trading of Key Tronic

A number of institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP purchased a new stake in Key Tronic during the second quarter worth approximately $57,000. Goldman Sachs Group Inc. raised its stake 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 valued at $61,000 after acquiring an additional 9,327 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Key Tronic in the 2nd quarter valued at $95,000. BlackRock Inc. acquired a new position in shares of Key Tronic during the 2nd quarter valued at $533,000. Finally, Moors & Cabot Inc. lifted its holdings in shares of Key Tronic by 27.8% during the 3rd quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock valued at $582,000 after acquiring an additional 35,400 shares in the last quarter. Hedge funds and other institutional investors own 40.69% of the company’s stock.

Analysts Set New Price Targets

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

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.