Posted by admin on Jul 8th, 2022

Key Tronic Co. (NASDAQ:KTCC – Get Rating) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.57 and traded as low as $4.24. Key Tronic shares last traded at $4.27, with a volume of 12,074 shares traded.

Separately, StockNews.com assumed coverage on Key Tronic in a research report on Friday. They issued a “hold” rating on the stock.

The company has a debt-to-equity ratio of 0.89, a current ratio of 2.09 and a quick ratio of 1.15. The company has a 50-day simple moving average of $4.91 and a two-hundred day simple moving average of $5.57. The stock has a market capitalization of $45.95 million, a price-to-earnings ratio of 18.57 and a beta of 1.53.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley increased its holdings in shares of Key Tronic by 3.5% during the third quarter. Morgan Stanley now owns 1,587,312 shares of the technology company’s stock valued at $10,317,000 after purchasing an additional 53,141 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of 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 purchasing an additional 7,277 shares during the period. Vanguard Group Inc. increased its holdings in shares of Key Tronic by 6.0% during the first 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 period. Ancora Advisors LLC boosted its stake in Key Tronic by 20.3% during the first quarter. Ancora Advisors LLC now owns 119,073 shares of the technology company’s stock valued at $918,000 after buying an additional 20,100 shares in the last quarter. Finally, Shufro Rose & Co. LLC bought a new position in Key Tronic during the first quarter valued at about $110,000. 42.84% of the stock is currently owned by institutional investors.

Key Tronic Company Profile (NASDAQ:KTCC)

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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