Posted by admin on Apr 28th, 2022
Key Tronic (NASDAQ:KTCC – Get Rating) is set to release its earnings data after the market closes on Thursday, May 5th. Analysts expect Key Tronic to post earnings of $0.08 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Key Tronic (NASDAQ:KTCC – Get Rating) last announced its earnings results on Tuesday, February 1st. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Key Tronic had a return on equity of 3.28% and a net margin of 0.46%. The company had revenue of $134.46 million for the quarter.
KTCC opened at $5.46 on Thursday. Key Tronic has a 1-year low of $5.26 and a 1-year high of $7.48. The company has a current ratio of 2.06, a quick ratio of 1.11 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $58.76 million, a price-to-earnings ratio of 24.82 and a beta of 1.61. The business has a 50 day moving average of $5.72 and a 200-day moving average of $6.06.
A number of hedge funds have recently modified their holdings of KTCC. Susquehanna International Group LLP bought a new position in Key Tronic in the fourth quarter worth $86,000. Renaissance Technologies LLC lifted its position in Key Tronic by 8.0% in the fourth quarter. Renaissance Technologies LLC now owns 66,775 shares of the technology company’s stock worth $418,000 after purchasing an additional 4,960 shares during the period. Finally, Morgan Stanley lifted its position in Key Tronic by 20.9% in the second quarter. Morgan Stanley now owns 1,534,171 shares of the technology company’s stock worth $10,003,000 after purchasing an additional 265,186 shares during the period. 42.01% of the stock is owned by hedge funds and other institutional investors.
Separately, StockNews.com started coverage on Key Tronic in a research report on Wednesday. They issued a “hold” rating for the company.
Key Tronic Company Profile (Get Rating)
Key Tronic Corporation provides contract manufacturing services to original equipment manufacturers in the United States and internationally. The company offers integrated electronic and mechanical engineering, assembly, sourcing and procurement, logistics, and new product testing services. Its services include product design; surface mount technologies and pin through hole capability for printed circuit board assembly; tool making; precision plastic molding; sheet metal fabrication and painting; liquid injection molding; complex assembly; automated tape winding; prototype design; and full product assembly services.
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