Posted by admin on May 9th, 2022
Key Tronic (NASDAQ:KTCC – Get Rating) updated its fourth quarter 2022 earnings guidance on Monday. The company provided EPS guidance of $0.04-$0.10 for the period. The company issued revenue guidance of $125.00 million-$135.00 million.
Separately, StockNews.com assumed coverage on shares of Key Tronic in a report on Thursday. They issued a hold rating on the stock.
NASDAQ:KTCC traded down $0.07 during midday trading on Monday, hitting $5.43. 9 shares of the company were exchanged, compared to its average volume of 14,308. The company has a fifty day simple moving average of $5.65 and a 200 day simple moving average of $6.00. Key Tronic has a fifty-two week low of $5.26 and a fifty-two week high of $7.48. The company has a current ratio of 2.06, a quick ratio of 1.11 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $58.44 million, a PE ratio of 23.61 and a beta of 1.53.
A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in Key Tronic by 8.0% during the 4th quarter. Renaissance Technologies LLC now owns 66,775 shares of the technology company’s stock worth $418,000 after acquiring an additional 4,960 shares in the last quarter. Susquehanna International Group LLP purchased a new position in Key Tronic during the 4th quarter worth $86,000. Finally, Morgan Stanley grew its position in Key Tronic by 20.9% during the 2nd quarter. Morgan Stanley now owns 1,534,171 shares of the technology company’s stock worth $10,003,000 after purchasing an additional 265,186 shares during the last quarter. Hedge funds and other institutional investors own 42.84% of the company’s stock.
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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