Key Tronic (KTCC) Lowered to Sell at ValuEngine

ValuEngine downgraded shares of Key Tronic (NASDAQ:KTCC) from a hold rating to a sell rating in a research report sent to investors on Monday, ValuEngine reports.

NASDAQ KTCC opened at $6.16 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.15 and a quick ratio of 1.17. Key Tronic has a twelve month low of $5.33 and a twelve month high of $8.60. The stock has a market capitalization of $66.39 million, a P/E ratio of 21.25 and a beta of 0.49.

Key Tronic (NASDAQ:KTCC) last released its earnings results on Tuesday, January 29th. The technology company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). The company had revenue of $123.04 million during the quarter. Key Tronic had a net margin of 1.07% and a return on equity of 4.17%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Marquette Asset Management LLC lifted its stake in Key Tronic by 35.1% during the third quarter. Marquette Asset Management LLC now owns 50,510 shares of the technology company’s stock worth $386,000 after purchasing an additional 13,117 shares during the period. Ancora Advisors LLC lifted its stake in Key Tronic by 1.4% during the fourth quarter. Ancora Advisors LLC now owns 202,203 shares of the technology company’s stock worth $1,142,000 after purchasing an additional 2,750 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Key Tronic by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 891,765 shares of the technology company’s stock worth $5,038,000 after purchasing an additional 6,871 shares during the period. Hedge funds and other institutional investors own 44.50% of the company’s stock.

About Key Tronic

Key Tronic Corporation, doing business as KeyTronicEMS Co, provides electronic manufacturing services (EMS) and solutions 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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