Key Tronic Corp. (NASDAQ:KTCC) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Analysts have set a twelve-month consensus price objective of $9.50 for the company and are anticipating that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also assigned Key Tronic Corp. an industry rank of 89 out of 265 based on the ratings given to its competitors.
KTCC has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Key Tronic Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 13th. B. Riley restated a “buy” rating and issued a $12.00 target price on shares of Key Tronic Corp. in a research note on Tuesday, July 26th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. increased 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 during the period. Jacobs Levy Equity Management Inc. bought a new position in Key Tronic Corp. during the first quarter worth approximately $319,000. Adirondack Research & Management Inc. increased its position in Key Tronic Corp. by 82.7% in the first quarter. Adirondack Research & Management Inc. now owns 66,944 shares of the company’s stock worth $479,000 after buying an additional 30,294 shares during the period. Renaissance Technologies LLC increased its position in Key Tronic Corp. by 24.2% in the first quarter. Renaissance Technologies LLC now owns 136,200 shares of the company’s stock worth $974,000 after buying an additional 26,500 shares during the period. Finally, TFS Capital LLC bought a new position in Key Tronic Corp. during the second quarter worth approximately $128,000. Hedge funds and other institutional investors own 42.10% of the company’s stock.
Key Tronic Corp. (NASDAQ:KTCC) opened at 7.78 on Wednesday. The stock’s 50 day moving average is $7.52 and its 200-day moving average is $7.50. The stock has a market capitalization of $83.68 million, a price-to-earnings ratio of 13.41 and a beta of 0.89. Key Tronic Corp. has a 12 month low of $6.09 and a 12 month high of $9.09.
Key Tronic Corp. (NASDAQ:KTCC) last announced its earnings results on Tuesday, July 26th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. The business earned $123.90 million during the quarter, compared to the consensus estimate of $118.40 million. Key Tronic Corp. had a net margin of 1.35% and a return on equity of 5.70%. On average, equities research analysts expect that Key Tronic Corp. will post $0.80 earnings per share for the current year.
About Key Tronic Corp.
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.