Posted by admin on May 5th, 2022
StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC – Get Rating) in a report issued on Thursday. The brokerage set a “hold” rating on the technology company’s stock.
Shares of KTCC opened at $5.35 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.06 and a quick ratio of 1.11. The stock has a 50-day moving average of $5.67 and a 200-day moving average of $6.02. The company has a market cap of $57.58 million, a PE ratio of 24.32 and a beta of 1.53. Key Tronic has a one year low of $5.26 and a one year high of $7.48.
Key Tronic (NASDAQ:KTCC – Get Rating) last posted its quarterly earnings results on Tuesday, February 1st. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Key Tronic had a return on equity of 3.28% and a net margin of 0.46%. The company had revenue of $134.46 million during the quarter.
Institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP purchased a new stake in Key Tronic in the fourth quarter worth about $86,000. Renaissance Technologies LLC increased its stake in shares of Key Tronic by 8.0% in the fourth quarter. Renaissance Technologies LLC now owns 66,775 shares of the technology company’s stock worth $418,000 after purchasing an additional 4,960 shares in the last quarter. Morgan Stanley increased its stake in shares of Key Tronic by 3.5% in the third quarter. Morgan Stanley now owns 1,587,312 shares of the technology company’s stock worth $10,317,000 after purchasing an additional 53,141 shares in the last quarter. Finally, BlackRock Inc. grew its stake in 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 acquiring an additional 22,423 shares in the last quarter. 42.84% of the stock is 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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