Posted by admin on Aug 1st, 2022

StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC – Get Rating) in a research note published on Monday morning. The brokerage issued a hold rating on the technology company’s stock.

Shares of Key Tronic stock opened at $5.10 on Monday. Key Tronic has a 1 year low of $4.24 and a 1 year high of $7.48. The firm has a market cap of $54.89 million, a price-to-earnings ratio of 22.17 and a beta of 1.53. The company has a 50-day moving average of $4.70 and a 200 day moving average of $5.37. 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 announced its 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. 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 during the quarter.

Several large investors have recently modified their holdings of KTCC. Dimensional Fund Advisors LP raised its holdings in Key Tronic by 0.9% in 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. State Street Corp bought a new stake in shares of Key Tronic during the first quarter valued at approximately $66,000. Shufro Rose & Co. LLC bought a new stake in shares of Key Tronic during the first quarter valued at approximately $110,000. Ancora Advisors LLC raised its holdings in Key Tronic by 20.3% in the 1st quarter. Ancora Advisors LLC now owns 119,073 shares of the technology company’s stock worth $918,000 after acquiring an additional 20,100 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Key Tronic by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 436,002 shares of the technology company’s stock valued at $2,463,000 after purchasing an additional 24,521 shares during the last quarter. Hedge funds and other institutional investors own 42.84% of the company’s stock.

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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