Posted by admin on Aug 1st, 2022

Research analysts at StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCC – Get Rating) in a research note issued on Monday. The firm set a “hold” rating on the technology company’s stock.

Shares of NASDAQ KTCC opened at $5.10 on Monday. The firm has a fifty day simple moving average of $4.70 and a two-hundred day simple moving average of $5.37. 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. The firm has a market capitalization of $54.89 million, a PE ratio of 22.17 and a beta of 1.53.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company 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%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KTCC. Dimensional Fund Advisors LP lifted its position 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 valued at $4,504,000 after buying an additional 7,277 shares during the period. Vanguard Group Inc. lifted its position 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 acquiring an additional 24,521 shares during the period. Ancora Advisors LLC lifted its position in Key Tronic by 20.3% during the 1st quarter. Ancora Advisors LLC now owns 119,073 shares of the technology company’s stock valued at $918,000 after acquiring an additional 20,100 shares during the period. State Street Corp bought a new stake in Key Tronic during the first quarter worth about $66,000. Finally, Shufro Rose & Co. LLC purchased a new stake in Key Tronic in the first quarter worth about $110,000. 42.84% of the stock is 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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