Posted by admin on Jun 22nd, 2022
Stock analysts at StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCC – Get Rating) in a research report issued on Wednesday. The brokerage set a “hold” rating on the technology company’s stock.
Key Tronic stock opened at $4.60 on Wednesday. The stock has a market cap of $49.51 million, a P/E ratio of 20.00 and a beta of 1.54. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.09 and a quick ratio of 1.15. Key Tronic has a 1 year low of $4.57 and a 1 year high of $7.48. The firm’s 50 day moving average price is $5.19 and its 200-day moving average price is $5.72.
Key Tronic (NASDAQ:KTCC – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $138.39 million for the quarter. Key Tronic had a net margin of 0.48% and a return on equity of 3.39%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley increased its position in 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 during the last quarter. Dimensional Fund Advisors LP increased its position in Key Tronic by 0.9% in the first 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 last quarter. Vanguard Group Inc. increased its position in Key Tronic by 6.0% in the first 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 last quarter. Ancora Advisors LLC increased its position in Key Tronic by 20.3% in the first 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 last quarter. Finally, Renaissance Technologies LLC increased its position in 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 during the last quarter. 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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