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

Key Tronic Stock Down 3.5 %

KTCC stock opened at $4.35 on Monday. Key Tronic has a 1-year low of $4.24 and a 1-year high of $6.73. The company has a current ratio of 2.08, a quick ratio of 1.13 and a debt-to-equity ratio of 0.85. The stock's fifty day simple moving average is $4.79 and its two-hundred day simple moving average is $5.04. The stock has a market cap of $46.81 million, a P/E ratio of 14.50 and a beta of 1.54.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KTCC. Shufro Rose & Co. LLC purchased a new position in shares of Key Tronic during the 1st quarter valued at $110,000. Dimensional Fund Advisors LP raised its stake in shares of Key Tronic by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 797,145 shares of the technology company's stock valued at $4,504,000 after purchasing an additional 7,277 shares during the period. Vanguard Group Inc. raised its stake in shares of Key Tronic by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 436,002 shares of the technology company's stock valued at $2,463,000 after purchasing an additional 24,521 shares during the period. Ancora Advisors LLC raised its stake in shares of Key Tronic by 20.3% during the 1st quarter. Ancora Advisors LLC now owns 119,073 shares of the technology company's stock valued at $918,000 after purchasing an additional 20,100 shares during the period. Finally, State Street Corp bought a new stake in shares of Key Tronic during the 1st quarter valued at $66,000. Hedge funds and other institutional investors own 43.10% of the company's stock.

Key Tronic Company Profile

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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