Posted by admin on Jun 17th, 2022

Key Tronic Co. (NASDAQ:KTCC – Get Rating) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 24,400 shares, a decrease of 16.2% from the May 15th total of 29,100 shares. Based on an average trading volume of 11,800 shares, the short-interest ratio is presently 2.1 days. Approximately 0.2% of the company’s shares are short sold.

KTCC traded down $0.12 during trading hours on Friday, reaching $4.74. 10,664 shares of the stock traded hands, compared to its average volume of 11,224. The firm’s fifty day simple moving average is $5.25 and its two-hundred day simple moving average is $5.75. The company has a market cap of $51.00 million, a price-to-earnings ratio of 20.61 and a beta of 1.54. Key Tronic has a fifty-two week low of $4.74 and a fifty-two week high of $7.48. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.09 and a quick ratio of 1.15.

Key Tronic (NASDAQ:KTCC – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The technology company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $138.39 million during the quarter. Key Tronic had a net margin of 0.48% and a return on equity of 3.39%.

Separately, StockNews.com began coverage on shares of Key Tronic in a research report on Tuesday. They issued a “hold” rating for the company.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KTCC. State Street Corp bought a new position in Key Tronic during the 1st quarter valued at $66,000. Susquehanna International Group LLP bought a new position in Key Tronic during the 4th quarter valued at $86,000. Shufro Rose & Co. LLC bought a new position in Key Tronic during the 1st quarter valued at $110,000. BlackRock Inc. boosted its stake in Key Tronic by 76.6% during the 3rd quarter. BlackRock Inc. now owns 51,689 shares of the technology company’s stock valued at $335,000 after acquiring an additional 22,423 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Key Tronic by 8.0% during the 4th quarter. Renaissance Technologies LLC now owns 66,775 shares of the technology company’s stock valued at $418,000 after acquiring an additional 4,960 shares during the last quarter. 42.84% of the stock is owned by institutional investors and hedge funds.

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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