StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC - Free Report) in a research note published on Thursday morning. The firm issued a buy rating on the technology company's stock.
Key Tronic Stock Performance
KTCC stock traded up $0.06 during trading on Thursday, reaching $5.96. 22,656 shares of the stock were exchanged, compared to its average volume of 18,830. Key Tronic has a twelve month low of $3.60 and a twelve month high of $6.14. The company has a current ratio of 2.80, a quick ratio of 1.75 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $64.14 million, a P/E ratio of 298.00 and a beta of 1.51. The stock has a 50 day simple moving average of $5.17 and a 200-day simple moving average of $4.49.
Key Tronic (NASDAQ:KTCC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.11 EPS for the quarter. The company had revenue of $125.69 million during the quarter. Key Tronic had a positive return on equity of 0.28% and a negative net margin of 0.14%.
Institutional Investors Weigh In On Key Tronic
An institutional investor recently raised its position in Key Tronic stock. Vanguard Group Inc. increased its holdings in shares of Key Tronic Co. (NASDAQ:KTCC - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 447,475 shares of the technology company's stock after acquiring an additional 3,848 shares during the period. Vanguard Group Inc. owned about 4.16% of Key Tronic worth $2,085,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 40.69% of the company's stock.
About Key Tronic
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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.
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