Key Tronic (KTCC) Cut to D at TheStreet

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Key Tronic (NASDAQ:KTCC) was downgraded by equities researchers at TheStreet from a “c-” rating to a “d” rating in a report released on Wednesday, TheStreetRatingsTable reports.

Separately, ValuEngine upgraded Key Tronic from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th.

Shares of NASDAQ:KTCC traded down $0.05 during midday trading on Wednesday, hitting $5.70. The company had a trading volume of 1,700 shares, compared to its average volume of 13,848. Key Tronic has a 12 month low of $5.33 and a 12 month high of $8.60. The company has a quick ratio of 1.17, a current ratio of 2.15 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $62.09 million, a P/E ratio of 19.77 and a beta of 0.43.

Key Tronic (NASDAQ:KTCC) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. Key Tronic had a positive return on equity of 3.79% and a negative net margin of 1.59%. The business had revenue of $107.95 million for the quarter.

Several large investors have recently bought and sold shares of KTCC. Dimensional Fund Advisors LP boosted its position in shares of Key Tronic by 0.8% in the 4th 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 last quarter. Ancora Advisors LLC lifted its holdings 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 acquiring an additional 2,750 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in Key Tronic by 114.7% during the first quarter. Moors & Cabot Inc. now owns 740,100 shares of the technology company’s stock worth $4,560,000 after acquiring an additional 395,425 shares in the last quarter. Institutional investors and hedge funds own 44.50% of the company’s stock.

Key Tronic Company Profile

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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