StockNews.com Begins Coverage on Key Tronic (NASDAQ:KTCC)

StockNews.com assumed coverage on shares of Key Tronic (NASDAQ:KTCCGet Rating) in a research report released on Monday morning. The firm issued a hold rating on the technology company’s stock.

Key Tronic Price Performance

Key Tronic stock opened at $4.79 on Monday. The stock’s fifty day moving average price is $4.46 and its two-hundred day moving average price is $4.69. Key Tronic has a one year low of $4.00 and a one year high of $6.56. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.07 and a quick ratio of 1.10. The firm has a market cap of $51.54 million, a PE ratio of 14.09 and a beta of 1.52.

Hedge Funds Weigh In On Key Tronic

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp bought a new position in shares of Key Tronic in the 1st quarter valued at $66,000. Shufro Rose & Co. LLC bought a new position in shares of Key Tronic in the 1st quarter valued at $110,000. Ancora Advisors LLC increased its stake in shares of Key Tronic by 20.3% in the 1st quarter. Ancora Advisors LLC now owns 119,073 shares of the technology company’s stock valued at $918,000 after purchasing an additional 20,100 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Key Tronic by 6.0% in the 1st 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 last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Key Tronic by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 808,358 shares of the technology company’s stock valued at $3,266,000 after purchasing an additional 3,476 shares during the last quarter. Institutional investors own 43.10% 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; prototype design; and full product assembly services.

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