Key Tronic (NASDAQ:KTCC) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Key Tronic Corporation (NASDAQ:KTCCGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.22 and traded as high as $4.05. Key Tronic shares last traded at $3.93, with a volume of 17,142 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Key Tronic in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Key Tronic currently has an average rating of “Sell”.

Get Our Latest Research Report on Key Tronic

Key Tronic Stock Performance

The stock has a 50 day moving average of $3.83 and a 200 day moving average of $3.22. The company has a quick ratio of 1.21, a current ratio of 2.06 and a debt-to-equity ratio of 0.95. The firm has a market cap of $42.68 million, a price-to-earnings ratio of -2.46 and a beta of 1.19.

Hedge Funds Weigh In On Key Tronic

Several hedge funds and other institutional investors have recently made changes to their positions in KTCC. Goldman Sachs Group Inc. lifted its holdings 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 worth $61,000 after acquiring an additional 9,327 shares during the period. Moors & Cabot Inc. increased its stake in Key Tronic by 27.8% in the third quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock valued at $582,000 after acquiring an additional 35,400 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Key Tronic by 105.7% in the first quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock valued at $944,000 after acquiring an additional 177,591 shares during the last quarter. 40.69% of the stock is currently owned by institutional investors and hedge funds.

Key Tronic Company Profile

(Get Free Report)

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.

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