Key Tronic (NASDAQ:KTCC) Announces Quarterly Earnings Results

Key Tronic (NASDAQ:KTCC) posted its earnings results on Tuesday. The technology company reported ($0.79) earnings per share for the quarter, FiscalAI reports. Key Tronic had a negative return on equity of 8.43% and a negative net margin of 2.69%.The firm had revenue of $96.32 million for the quarter.

Key Tronic Price Performance

NASDAQ:KTCC traded down $0.03 during midday trading on Tuesday, hitting $2.86. The company had a trading volume of 3,964 shares, compared to its average volume of 12,191. The company has a market capitalization of $31.06 million, a PE ratio of -2.62 and a beta of 1.15. The company has a quick ratio of 1.32, a current ratio of 2.39 and a debt-to-equity ratio of 0.85. Key Tronic has a 52-week low of $2.21 and a 52-week high of $3.96. The stock’s fifty day moving average price is $2.66 and its 200-day moving average price is $2.95.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Key Tronic in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Key Tronic

Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of Key Tronic by 65.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after purchasing an additional 9,327 shares during the last quarter. Moors & Cabot Inc. grew its position in Key Tronic by 26.9% during the second quarter. Moors & Cabot Inc. now owns 127,550 shares of the technology company’s stock valued at $365,000 after acquiring an additional 27,000 shares during the last quarter. Finally, Bensler LLC purchased a new position in shares of Key Tronic during the third quarter worth approximately $109,000. 40.69% of the stock is currently owned by hedge funds and other institutional investors.

Key Tronic Company Profile

Key Tronic Corporation (NASDAQ: KTCC) is a global electronics manufacturer headquartered in Spokane, Washington. The company specializes in the design, development and production of human-machine interfaces and input devices, with a core legacy in keyboard technology. Over more than five decades, Key Tronic has expanded its capabilities beyond keyboards to encompass a broad range of electronic assemblies for OEMs across computing, industrial, medical and consumer markets.

Key Tronic’s product portfolio includes membrane and mechanical keyboards, touch panels, silicone keypads and custom input solutions tailored to customer specifications.