Key Tronic Corp. (NASDAQ:KTCC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “KEY TRONIC CORP. and its subsidiaries are principally engaged in the design, development, and manufacture of input devices, primarily keyboards, for personal computers, terminals, and workstations. “

Separately, B. Riley reaffirmed a “buy” rating and set a $9.50 price target on shares of Key Tronic Corp. in a research note on Monday, October 31st.

Shares of Key Tronic Corp. (NASDAQ:KTCC) traded up 0.78% during midday trading on Wednesday, hitting $7.73. The firm has a market capitalization of $83.16 million, a price-to-earnings ratio of 11.52 and a beta of 0.69. Key Tronic Corp. has a 12 month low of $6.09 and a 12 month high of $8.97. The firm’s 50-day moving average price is $7.64 and its 200 day moving average price is $7.61.

TRADEMARK VIOLATION WARNING: “Key Tronic Corp. (KTCC) Rating Increased to Hold at Zacks Investment Research” was originally posted by Financial Market News and is the sole property of of Financial Market News. If you are reading this story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this story can be viewed at http://www.financial-market-news.com/key-tronic-corp-ktcc-rating-increased-to-hold-at-zacks-investment-research/1211533/.

A number of large investors have recently added to or reduced their stakes in the company. Adirondack Research & Management Inc. increased its stake in Key Tronic Corp. by 40.2% in the third quarter. Adirondack Research & Management Inc. now owns 93,744 shares of the company’s stock valued at $698,000 after buying an additional 26,900 shares during the period. Northern Trust Corp increased its stake in Key Tronic Corp. by 23.9% in the third quarter. Northern Trust Corp now owns 35,012 shares of the company’s stock valued at $261,000 after buying an additional 6,758 shares during the last quarter. Emerald Acquisition Ltd. increased its stake in Key Tronic Corp. by 25.6% in the third quarter. Emerald Acquisition Ltd. now owns 18,180 shares of the company’s stock valued at $135,000 after buying an additional 3,701 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp bought a new stake in Key Tronic Corp. during the third quarter valued at $164,000. Finally, TFS Capital LLC bought a new stake in Key Tronic Corp. during the second quarter valued at $128,000. 44.37% of the stock is currently owned by hedge funds and other institutional investors.

Key Tronic Corp. Company Profile

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.

5 Day Chart for NASDAQ:KTCC

Get a free copy of the Zacks research report on Key Tronic Corp. (KTCC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Key Tronic Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Key Tronic Corp. and related companies with MarketBeat.com's FREE daily email newsletter.