Posted by admin on Jun 30th, 2022
Key Tronic Co. (NASDAQ:KTCC – Get Rating)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.65 and traded as low as $4.39. Key Tronic shares last traded at $4.47, with a volume of 6,649 shares changing hands.
Separately, StockNews.com assumed coverage on Key Tronic in a research report on Thursday. They set a “hold” rating on the stock.
The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 2.09. The business has a 50-day moving average price of $5.06 and a 200 day moving average price of $5.65. The stock has a market capitalization of $48.11 million, a P/E ratio of 19.43 and a beta of 1.54.
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, topping analysts’ consensus estimates of $0.08 by $0.01. Key Tronic had a return on equity of 3.39% and a net margin of 0.48%. The firm had revenue of $138.39 million for the quarter.
Several institutional investors and hedge funds have recently modified their holdings of KTCC. Morgan Stanley boosted its position in shares of Key Tronic by 3.5% in the 3rd 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 in the last quarter. Vanguard Group Inc. lifted its position in 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 acquiring an additional 24,521 shares in the last quarter. BlackRock Inc. lifted its position in Key Tronic by 76.6% in the 3rd quarter. BlackRock Inc. now owns 51,689 shares of the technology company’s stock valued at $335,000 after acquiring an additional 22,423 shares in the last quarter. Ancora Advisors LLC lifted its position in 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 acquiring an additional 20,100 shares in the last quarter. Finally, Shufro Rose & Co. LLC bought a new position in Key Tronic in the 1st quarter valued at approximately $110,000. 42.84% of the stock is currently owned by hedge funds and other 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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