Posted by admin on Jul 8th, 2022

Stock analysts at StockNews.com initiated coverage on shares of Key Tronic (NASDAQ:KTCC – Get Rating) in a report issued on Friday. The brokerage set a “hold” rating on the technology company’s stock.

Shares of NASDAQ:KTCC opened at $4.27 on Friday. The firm has a 50 day moving average of $4.91 and a 200-day moving average of $5.57. The stock has a market capitalization of $45.95 million, a PE ratio of 18.57 and a beta of 1.53. Key Tronic has a 12 month low of $4.24 and a 12 month high of $7.48. The company has a current ratio of 2.09, a quick ratio of 1.15 and a debt-to-equity ratio of 0.89.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp acquired a new position in Key Tronic during the first quarter worth $66,000. Shufro Rose & Co. LLC purchased a new stake in Key Tronic during the first quarter worth about $110,000. Ancora Advisors LLC increased its holdings in Key Tronic by 20.3% during the first quarter. Ancora Advisors LLC now owns 119,073 shares of the technology company’s stock worth $918,000 after buying an additional 20,100 shares during the last quarter. Vanguard Group Inc. increased its holdings in Key Tronic by 6.0% during the first quarter. Vanguard Group Inc. now owns 436,002 shares of the technology company’s stock worth $2,463,000 after buying an additional 24,521 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Key Tronic by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 797,145 shares of the technology company’s stock worth $4,504,000 after buying an additional 7,277 shares during the last quarter. 42.84% of the stock is currently owned by institutional investors and hedge funds.

About Key Tronic (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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