Investment analysts at StockNews.com started coverage on shares of Key Tronic (NASDAQ:KTCC – Get Rating) in a report released on Friday. The firm set a "hold" rating on the technology company's stock.

Key Tronic Trading Up 2.0 %

KTCC stock opened at $4.60 on Friday. The business has a fifty day moving average price of $4.75 and a 200 day moving average price of $5.21. Key Tronic has a fifty-two week low of $4.24 and a fifty-two week high of $6.95. The stock has a market capitalization of $49.51 million, a price-to-earnings ratio of 15.33 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.

Institutional Investors Weigh In On Key Tronic

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp bought a new position in Key Tronic in the 1st quarter worth approximately $66,000. 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 buying an additional 20,100 shares during the period. Vanguard Group Inc. raised its position in shares of Key Tronic by 6.0% during the first quarter. Vanguard Group Inc. now owns 436,002 shares of the technology company's stock worth $2,463,000 after acquiring an additional 24,521 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Key Tronic by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 797,145 shares of the technology company's stock valued at $4,504,000 after acquiring an additional 7,277 shares during the period. Finally, Shufro Rose & Co. LLC bought a new position in Key Tronic in the first quarter valued at about $110,000. 43.10% of the stock is owned by institutional investors and hedge funds.

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; automated tape winding; prototype design; and full product assembly services.

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