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

StockNews.com started coverage on shares of Key Tronic (NASDAQ:KTCC) in a research report released on Friday. The firm issued a strong-buy rating on the technology company’s stock.

Key Tronic Stock Performance

Shares of KTCC stock opened at $3.65 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.57 and a debt-to-equity ratio of 0.88. Key Tronic has a one year low of $3.60 and a one year high of $6.14. The company’s 50-day simple moving average is $4.49 and its 200-day simple moving average is $4.83.

Key Tronic (NASDAQ:KTCC) last posted its quarterly earnings results on Tuesday, November 5th. The technology company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $131.56 million for the quarter.

Hedge Funds Weigh In On Key Tronic

An institutional investor recently raised its position in Key Tronic stock. Geode Capital Management LLC increased its stake in shares of Key Tronic Co. (NASDAQ:KTCC) by 8.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,778 shares of the technology company’s stock after buying an additional 7,636 shares during the quarter. Geode Capital Management LLC owned about 0.87% of Key Tronic worth $537,000 at the end of the most recent quarter. Institutional investors and hedge funds own 40.69% of the company’s stock.

About Key Tronic

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.