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

Key Tronic Trading Down 2.4 %

Shares of Key Tronic stock opened at $4.95 on Thursday. The company has a fifty day simple moving average of $4.74 and a 200-day simple moving average of $5.23. Key Tronic has a 12-month low of $4.24 and a 12-month high of $7.00. The company has a current ratio of 2.09, a quick ratio of 1.15 and a debt-to-equity ratio of 0.89. The stock has a market cap of $53.27 million, a price-to-earnings ratio of 16.50 and a beta of 1.54.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in Key Tronic by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 797,145 shares of the technology company's stock worth $4,504,000 after purchasing an additional 7,277 shares during the period. Vanguard Group Inc. boosted its stake in Key Tronic by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 436,002 shares of the technology company's stock worth $2,463,000 after purchasing an additional 24,521 shares during the period. Ancora Advisors LLC boosted its stake in Key Tronic by 20.3% during the 1st quarter. Ancora Advisors LLC now owns 119,073 shares of the technology company's stock worth $918,000 after purchasing an additional 20,100 shares during the period. Shufro Rose & Co. LLC acquired a new stake in shares of Key Tronic in the 1st quarter worth $110,000. Finally, State Street Corp acquired a new stake in shares of Key Tronic in the 1st quarter worth $66,000. Institutional investors and hedge funds own 42.84% 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; automated tape winding; prototype design; and full product assembly services.

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