Posted by admin on Apr 19th, 2022
StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC – Get Rating) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the technology company’s stock.
KTCC opened at $5.56 on Tuesday. The business has a 50 day moving average price of $5.78 and a two-hundred day moving average price of $6.10. The company has a quick ratio of 1.11, a current ratio of 2.06 and a debt-to-equity ratio of 0.87. The company has a market cap of $59.84 million, a PE ratio of 25.27 and a beta of 1.61. Key Tronic has a 52 week low of $5.26 and a 52 week high of $8.04.
Key Tronic (NASDAQ:KTCC – Get Rating) last released its quarterly earnings results on Tuesday, February 1st. The technology company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $134.46 million during the quarter. Key Tronic had a return on equity of 3.28% and a net margin of 0.46%.
Several large investors have recently added to or reduced their stakes in KTCC. Susquehanna International Group LLP acquired a new position in shares of Key Tronic in the fourth quarter worth about $86,000. BlackRock Inc. grew its holdings in shares of Key Tronic by 76.6% during the third quarter. BlackRock Inc. now owns 51,689 shares of the technology company’s stock valued at $335,000 after purchasing an additional 22,423 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Key Tronic by 8.0% during the fourth quarter. Renaissance Technologies LLC now owns 66,775 shares of the technology company’s stock valued at $418,000 after purchasing an additional 4,960 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Key Tronic by 20.9% during the second quarter. Morgan Stanley now owns 1,534,171 shares of the technology company’s stock worth $10,003,000 after buying an additional 265,186 shares during the period. Institutional investors and hedge funds own 42.01% of the company’s stock.
Key Tronic Company Profile (Get Rating)
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; automated tape winding; prototype design; and full product assembly services.
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