Key Tronic (NASDAQ:KTCC) Shares Pass Above 200-Day Moving Average – Should You Sell?

Shares of Key Tronic Corporation (NASDAQ:KTCCGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.27 and traded as high as $4.21. Key Tronic shares last traded at $4.12, with a volume of 9,062 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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.com, the company currently has an average rating of “Sell”.

View Our Latest Report on Key Tronic

Key Tronic Price Performance

The firm has a market capitalization of $44.63 million, a PE ratio of -2.57 and a beta of 1.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.06 and a quick ratio of 1.21. The business’s 50 day moving average is $3.94 and its two-hundred day moving average is $3.28.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake in Key Tronic by 65.9% in the first quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after acquiring an additional 9,327 shares during the last quarter. Moors & Cabot Inc. lifted its stake in Key Tronic by 27.8% during the third quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock worth $582,000 after purchasing an additional 35,400 shares during the last quarter. Sei Investments Co. boosted 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 purchasing an additional 177,591 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Key Tronic during the 2nd quarter valued at about $95,000. Finally, BlackRock Inc. bought a new position in shares of Key Tronic during the 2nd quarter valued at about $533,000. 40.69% of the stock is currently owned by hedge funds and other institutional investors.

About Key Tronic

(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.

Further Reading

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