Key Tronic Corporation (NASDAQ:KTCC – Get Free Report) CEO Brett Larsen sold 2,957 shares of Key Tronic stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $3.73, for a total value of $11,029.61. Following the completion of the transaction, the chief executive officer directly owned 28,284 shares in the company, valued at approximately $105,499.32. This represents a 9.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Key Tronic Stock Down 0.8%
Shares of KTCC stock opened at $2.47 on Thursday. Key Tronic Corporation has a 12 month low of $2.40 and a 12 month high of $4.42. 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 $26.82 million, a PE ratio of -0.56 and a beta of 1.14. The stock has a 50 day moving average of $3.85 and a 200-day moving average of $3.36.
Key Tronic (NASDAQ:KTCC – Get Free Report) last announced its quarterly earnings data 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 during the quarter.
Analyst Ratings Changes
Read Our Latest Stock Report on KTCC
Institutional Trading of Key Tronic
Several institutional investors have recently modified their holdings of the company. Tieton Capital Management LLC bought a new stake in shares of Key Tronic during the second quarter valued at approximately $3,143,000. Sei Investments Co. lifted its position in Key Tronic by 105.7% in the first 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 during the period. Moors & Cabot Inc. lifted its position in Key Tronic by 27.8% in 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 period. BlackRock Inc. acquired a new stake in Key Tronic during the second quarter worth $533,000. Finally, Goldman Sachs Group Inc. increased its holdings in Key Tronic by 65.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after buying an additional 9,327 shares during the period. Institutional investors and hedge funds own 40.69% of the company’s stock.
About Key Tronic
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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