StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC - Free Report) in a research report released on Friday morning. The brokerage issued a buy rating on the technology company's stock.
Key Tronic Stock Up 0.5 %
Shares of Key Tronic stock traded up $0.03 during trading hours on Friday, reaching $6.03. The company's stock had a trading volume of 14,630 shares, compared to its average volume of 18,687. Key Tronic has a one year low of $3.60 and a one year high of $6.14. The company has a market capitalization of $64.88 million, a P/E ratio of -75.38 and a beta of 1.51. The stock's fifty day simple moving average is $5.37 and its two-hundred day simple moving average is $4.55. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.76 and a current ratio of 2.77.
Key Tronic (NASDAQ:KTCC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.11 earnings per share for the quarter. The business had revenue of $125.69 million for the quarter. Key Tronic had a positive return on equity of 0.28% and a negative net margin of 0.14%.
Hedge Funds Weigh In On Key Tronic
A hedge fund recently raised its stake in Key Tronic stock. Vanguard Group Inc. grew its holdings in Key Tronic Co. (NASDAQ:KTCC - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 447,475 shares of the technology company's stock after buying an additional 3,848 shares during the quarter. Vanguard Group Inc. owned approximately 4.16% of Key Tronic worth $2,085,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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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