Key Tronic Corp. (NASDAQ:KTCC) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “KEY TRONIC CORP. and its subsidiaries are principally engaged in the design, development, and manufacture of input devices, primarily keyboards, for personal computers, terminals, and workstations. “
Separately, B. Riley reaffirmed a “buy” rating and issued a $9.50 price target on shares of Key Tronic Corp. in a report on Sunday, July 31st.
Key Tronic Corp. (NASDAQ:KTCC) opened at 7.46 on Wednesday. The stock has a 50 day moving average price of $7.50 and a 200 day moving average price of $7.47. Key Tronic Corp. has a 52-week low of $6.09 and a 52-week high of $10.31. The company has a market capitalization of $80.24 million, a price-to-earnings ratio of 12.86 and a beta of 0.98.
Key Tronic Corp. (NASDAQ:KTCC) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. Key Tronic Corp. had a return on equity of 5.70% and a net margin of 1.35%. The firm earned $123.90 million during the quarter, compared to analysts’ expectations of $118.40 million. On average, equities analysts expect that Key Tronic Corp. will post $0.80 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Emerald Acquisition Ltd. acquired a new position in shares of Key Tronic Corp. during the second quarter valued at $109,000. TFS Capital LLC acquired a new position in shares of Key Tronic Corp. during the second quarter valued at $128,000. BlackRock Institutional Trust Company N.A. raised its position in shares of Key Tronic Corp. by 10.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 31,084 shares of the company’s stock valued at $222,000 after buying an additional 3,008 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Key Tronic Corp. during the first quarter valued at $319,000. Finally, Adirondack Research & Management Inc. raised its position in shares of Key Tronic Corp. by 82.7% in the first quarter. Adirondack Research & Management Inc. now owns 66,944 shares of the company’s stock valued at $479,000 after buying an additional 30,294 shares during the last quarter. Institutional investors own 42.10% of the company’s stock.
Key Tronic Corp. Company Profile
Key Tronic Corporation is engaged in providing electronic manufacturing services and solutions for original equipment manufacturers (OEMs). The Company also manufactures keyboards and other input devices. The Company provides engineering services, procurement and distribution across the world, materials management, world-class manufacturing and assembly services, in-house testing and unparalleled customer service.
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