Key Tronic Corp. (KTCC) Rating Increased to Hold at Zacks Investment Research
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.
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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.
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