StockNews.com began coverage on shares of Key Tronic (NASDAQ:KTCC – Get Rating) in a research note issued to investors on Friday. The brokerage issued a hold rating on the technology company's stock.

Key Tronic Stock Up 2.0 %

Shares of NASDAQ KTCC opened at $4.60 on Friday. The firm has a market cap of $49.51 million, a price-to-earnings ratio of 15.33 and a beta of 1.54. The company has a quick ratio of 1.15, a current ratio of 2.09 and a debt-to-equity ratio of 0.89. Key Tronic has a 52-week low of $4.24 and a 52-week high of $6.95. The business's 50 day moving average is $4.75 and its two-hundred day moving average is $5.21.

Institutional Trading of Key Tronic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KTCC. Shufro Rose & Co. LLC purchased a new stake in shares of Key Tronic during the first quarter worth $110,000. Dimensional Fund Advisors LP increased its position 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 worth $4,504,000 after acquiring an additional 7,277 shares during the period. Vanguard Group Inc. increased 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 period. Ancora Advisors LLC increased its position in shares of Key Tronic by 20.3% during the first quarter. Ancora Advisors LLC now owns 119,073 shares of the technology company's stock worth $918,000 after acquiring an additional 20,100 shares during the period. Finally, State Street Corp purchased a new stake in shares of Key Tronic during the first quarter worth $66,000. Hedge funds and other institutional investors own 43.10% 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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