Posted by admin on Jun 14th, 2022
Key Tronic Co. (NASDAQ:KTCC – Get Rating)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.77 and traded as low as $4.97. Key Tronic shares last traded at $5.03, with a volume of 18,616 shares traded.
Separately, StockNews.com initiated coverage on Key Tronic in a research note on Tuesday. They set a “hold” rating for the company.
The company has a debt-to-equity ratio of 0.89, a current ratio of 2.09 and a quick ratio of 1.15. The company has a market cap of $54.13 million, a PE ratio of 21.87 and a beta of 1.54. The company has a fifty day moving average price of $5.30 and a 200 day moving average price of $5.77.
Key Tronic (NASDAQ:KTCC – Get Rating) last announced its earnings results 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. Key Tronic had a net margin of 0.48% and a return on equity of 3.39%. The business had revenue of $138.39 million during the quarter.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp bought a new stake in Key Tronic during the first quarter worth about $66,000. Susquehanna International Group LLP bought a new position in Key Tronic during the fourth quarter valued at approximately $86,000. Shufro Rose & Co. LLC purchased a new position in shares of Key Tronic during the first quarter worth approximately $110,000. BlackRock Inc. lifted its holdings in shares of Key Tronic by 76.6% in the 3rd quarter. BlackRock Inc. now owns 51,689 shares of the technology company’s stock worth $335,000 after acquiring an additional 22,423 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Key Tronic by 8.0% in the 4th quarter. Renaissance Technologies LLC now owns 66,775 shares of the technology company’s stock valued at $418,000 after purchasing an additional 4,960 shares in the last quarter. 42.84% of the stock is currently owned by institutional investors and hedge funds.
About Key Tronic (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.
Receive News & Ratings for Key Tronic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Key Tronic and related companies with MarketBeat.com's FREE daily email newsletter.
Oramed Pharmaceuticals Inc. (NASDAQ:ORMP) Given Average Rating of “Buy” by Analysts
Lightwave Logic (OTCMKTS:LWLG) Shares Pass Below 50 Day Moving Average of $9.19