Key Tronic Corporation (NASDAQ:KTCC – Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.32 and traded as low as $2.34. Key Tronic shares last traded at $2.36, with a volume of 10,951 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Key Tronic in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Key Tronic has an average rating of “Sell”.
View Our Latest Stock Analysis on Key Tronic
Key Tronic Trading Down 0.8%
Key Tronic (NASDAQ:KTCC – Get Free Report) last announced its earnings results on Thursday, August 27th. The technology company reported ($0.26) earnings per share (EPS) for the quarter. Key Tronic had a negative return on equity of 6.42% and a negative net margin of 12.36%.The company had revenue of $102.03 million for the quarter.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in KTCC. Tieton Capital Management LLC acquired a new position in Key Tronic in the second quarter valued at approximately $3,143,000. Sei Investments Co. raised its holdings in shares of Key Tronic by 105.7% in the 1st quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock worth $944,000 after acquiring an additional 177,591 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Key Tronic in the second quarter worth approximately $533,000. Bank of New York Mellon Corp bought a new position in Key Tronic during the 2nd quarter valued at $95,000. Finally, Susquehanna International Group LLP bought a new position in shares of Key Tronic during the second quarter valued at about $57,000. 40.69% of the stock is owned by institutional investors and hedge funds.
About Key Tronic
Key Tronic Corporation is an electronics manufacturing services (EMS) provider that designs, engineers, manufactures and distributes electronic and mechanical products for original equipment manufacturers. The company offers integrated production capabilities that can include printed circuit board assembly, product and tooling design, injection molding, metal stamping, electromechanical assembly, final product assembly, testing, packaging and fulfillment.
Key Tronic serves customers across industries such as consumer electronics, industrial equipment, medical devices, aerospace and defense, automotive and computer-related products.
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