Key Tronic Co. (NASDAQ:KTCC – Get Rating) saw a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 23,900 shares, a decline of 12.1% from the July 31st total of 27,200 shares. Currently, 0.2% of the company's shares are sold short. Based on an average daily trading volume, of 10,000 shares, the short-interest ratio is currently 2.4 days.
Key Tronic Stock Performance
NASDAQ:KTCC opened at $4.76 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.09 and a quick ratio of 1.15. The business's 50-day simple moving average is $4.75 and its 200-day simple moving average is $5.21. Key Tronic has a fifty-two week low of $4.24 and a fifty-two week high of $7.00. The stock has a market capitalization of $51.23 million, a PE ratio of 15.87 and a beta of 1.54.
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Institutional Trading of Key Tronic
Several hedge funds have recently bought and sold shares of KTCC. Shufro Rose & Co. LLC bought a new stake in shares of Key Tronic during the first quarter worth $110,000. Dimensional Fund Advisors LP boosted its stake in Key Tronic by 0.9% in 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. increased its holdings 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 in the last quarter. Ancora Advisors LLC raised 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 purchasing an additional 20,100 shares during the period. Finally, State Street Corp bought a new stake in shares of Key Tronic in the first quarter valued at about $66,000. 43.10% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on Key Tronic in a report on Thursday, August 25th. They set a "hold" rating on the stock.
About Key Tronic
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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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