Posted by admin on Jul 16th, 2022
Research analysts at StockNews.com started coverage on shares of Key Tronic (NASDAQ:KTCC – Get Rating) in a note issued to investors on Saturday. The firm set a “hold” rating on the technology company’s stock.
Shares of Key Tronic stock opened at $4.39 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.15 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average price of $4.79 and a two-hundred day moving average price of $5.49. The company has a market cap of $47.25 million, a P/E ratio of 19.09 and a beta of 1.53. Key Tronic has a 1-year low of $4.24 and a 1-year high of $7.48.
Key Tronic (NASDAQ:KTCC – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Key Tronic had a net margin of 0.48% and a return on equity of 3.39%. The business had revenue of $138.39 million for the quarter.
A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of Key Tronic by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 797,145 shares of the technology company’s stock valued at $4,504,000 after purchasing an additional 7,277 shares in the last quarter. Vanguard Group Inc. lifted its stake in Key Tronic by 6.0% in the first quarter. Vanguard Group Inc. now owns 436,002 shares of the technology company’s stock worth $2,463,000 after purchasing an additional 24,521 shares during the last quarter. Ancora Advisors LLC lifted its stake in Key Tronic by 20.3% in the first quarter. Ancora Advisors LLC now owns 119,073 shares of the technology company’s stock worth $918,000 after purchasing an additional 20,100 shares during the last quarter. Shufro Rose & Co. LLC bought a new position in shares of Key Tronic during the first quarter valued at about $110,000. Finally, State Street Corp bought a new position in shares of Key Tronic during the first quarter valued at about $66,000. 42.84% of the stock is currently owned by hedge funds and other institutional investors.
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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