Key Tronic (NASDAQ:KTCC – Get Rating) updated its first quarter 2023 earnings guidance on Tuesday. The company provided EPS guidance of $0.05-$0.10 for the period. The company issued revenue guidance of $125.00 million-$135.00 million.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of Key Tronic in a research report on Friday, September 2nd. They set a hold rating for the company.
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Key Tronic Stock Performance
KTCC traded up $0.02 during trading on Friday, reaching $4.50. 126 shares of the company's stock were exchanged, compared to its average volume of 8,705. Key Tronic has a 1 year low of $4.24 and a 1 year high of $6.94. 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 stock has a market capitalization of $48.42 million, a P/E ratio of 15.37 and a beta of 1.54. The company's fifty day simple moving average is $4.77 and its 200-day simple moving average is $5.15.
Hedge Funds Weigh In On Key Tronic
Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings 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 in the last quarter. Vanguard Group Inc. grew its stake in Key Tronic by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 436,002 shares of the technology company's stock valued at $2,463,000 after acquiring an additional 24,521 shares during the period. Ancora Advisors LLC grew its stake in 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 acquiring an additional 20,100 shares during the period. Finally, State Street Corp acquired a new stake in Key Tronic in the 1st quarter valued at $66,000. 43.10% of the stock is owned by hedge funds and other institutional investors.
Key Tronic Company Profile
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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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