Posted by admin on Aug 17th, 2022

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

Shares of KTCC opened at $5.23 on Wednesday. The company has a market capitalization of $56.29 million, a PE ratio of 17.43 and a beta of 1.54. The company has a quick ratio of 1.15, a current ratio of 2.09 and a debt-to-equity ratio of 0.89. Key Tronic has a 52-week low of $4.24 and a 52-week high of $7.00. The stock has a fifty day simple moving average of $4.69 and a two-hundred day simple moving average of $5.28.

A number of hedge funds have recently modified their holdings of KTCC. State Street Corp purchased a new position in shares of Key Tronic during the 1st quarter worth $66,000. Shufro Rose & Co. LLC purchased a new position in shares of Key Tronic during the 1st quarter worth $110,000. Ancora Advisors LLC grew its holdings in shares of Key Tronic by 20.3% during the 1st quarter. Ancora Advisors LLC now owns 119,073 shares of the technology company’s stock worth $918,000 after purchasing an additional 20,100 shares during the period. Vanguard Group Inc. grew its holdings in shares of Key Tronic by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 436,002 shares of the technology company’s stock worth $2,463,000 after purchasing an additional 24,521 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Key Tronic by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 797,145 shares of the technology company’s stock worth $4,504,000 after purchasing an additional 7,277 shares during the period. 42.84% of the stock is currently 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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