Key Tronic Corporation (KTCC) Issues Quarterly Revenue Results

Key Tronic Corporation (KTCC) Issues Quarterly  Revenue Results

Key Tronic Corporation (NASDAQ:KTCC) announced its quarterly earnings data on Tuesday. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.02. Key Tronic Corporation had a net margin of 1.58% and a return on equity of 6.53%.

Shares of Key Tronic Corporation (NASDAQ:KTCC) opened at 7.9399 on Wednesday. Key Tronic Corporation has a 12 month low of $6.85 and a 12 month high of $8.97. The stock has a 50 day moving average price of $7.96 and a 200-day moving average price of $7.70. The stock has a market cap of $85.42 million, a P/E ratio of 11.8329 and a beta of 0.70.

Institutional investors have recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. raised its position in shares of Key Tronic Corporation by 202.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 94,097 shares of the company’s stock worth $709,000 after buying an additional 63,013 shares during the last quarter. Adirondack Research & Management Inc. raised its position in shares of Key Tronic Corporation by 40.2% in the third quarter. Adirondack Research & Management Inc. now owns 93,744 shares of the company’s stock worth $698,000 after buying an additional 26,900 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp purchased a new position in shares of Key Tronic Corporation during the third quarter worth about $164,000. TFS Capital LLC purchased a new position in shares of Key Tronic Corporation during the second quarter worth about $128,000. Finally, Emerald Acquisition Ltd. purchased a new position in shares of Key Tronic Corporation during the second quarter worth about $109,000. 44.45% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $9.50 price objective on shares of Key Tronic Corporation in a research report on Monday, October 31st. Zacks Investment Research raised Key Tronic Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, December 20th.

About Key Tronic Corporation

Key Tronic Corporation, doing business as KeyTronicEMS Co, is engaged in contract manufacturing for a range of products. The Company provides electronic manufacturing services (EMS) and solutions to original equipment manufacturers (OEMs) of a range of products. The Company provides engineering services, procurement and distribution, materials management, manufacturing and assembly services, in-house testing, and customer service.

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