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 reiterated a buy rating and issued a $9.50 price target on shares of Key Tronic Corp. in a research report on Sunday, July 31st.
Key Tronic Corp. (NASDAQ:KTCC) opened at 7.61 on Wednesday. The stock has a market capitalization of $81.85 million, a P/E ratio of 13.12 and a beta of 0.89. The stock has a 50 day moving average of $7.50 and a 200 day moving average of $7.48. Key Tronic Corp. has a 1-year low of $6.09 and a 1-year high of $10.31.
Key Tronic Corp. (NASDAQ:KTCC) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. Key Tronic Corp. had a return on equity of 5.70% and a net margin of 1.35%. The firm had revenue of $123.90 million for the quarter, compared to analysts’ expectations of $118.40 million. On average, analysts expect that Key Tronic Corp. will post $0.80 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of KTCC. TFS Capital LLC acquired a new position in Key Tronic Corp. during the second quarter worth approximately $128,000. BlackRock Institutional Trust Company N.A. raised its position in Key Tronic Corp. 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 in the last quarter. Vanguard Group Inc. raised its position in Key Tronic Corp. by 2.4% in the second quarter. Vanguard Group Inc. now owns 470,766 shares of the company’s stock worth $3,545,000 after buying an additional 11,108 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Key Tronic Corp. by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 900,600 shares of the company’s stock worth $6,782,000 after buying an additional 9,800 shares in the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in Key Tronic Corp. during the second quarter worth approximately $109,000. 42.10% of the stock is currently owned by institutional investors.
Key Tronic Corp. Company Profile
Key Tronic Corporation is engaged in providing electronic manufacturing services and solutions for original equipment manufacturers (OEMs). The Company also manufactures keyboards and other input devices. The Company provides engineering services, procurement and distribution across the world, materials management, world-class manufacturing and assembly services, in-house testing and unparalleled customer service.
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