Key Tronic (NASDAQ:KTCC) Share Price Passes Below 200-Day Moving Average – Should You Sell?
by Renee Jackson · The Cerbat GemKey Tronic Corporation (NASDAQ:KTCC – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.98 and traded as low as $2.64. Key Tronic shares last traded at $2.78, with a volume of 7,454 shares changing hands.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Key Tronic in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on KTCC
Key Tronic Trading Down 0.4%
The company has a debt-to-equity ratio of 0.85, a current ratio of 2.39 and a quick ratio of 1.32. The firm has a market cap of $30.19 million, a price-to-earnings ratio of -2.55 and a beta of 1.10. The business’s 50-day moving average price is $2.77 and its two-hundred day moving average price is $2.98.
Hedge Funds Weigh In On Key Tronic
A number of large investors have recently bought and sold shares of KTCC. Moors & Cabot Inc. grew its stake in shares of Key Tronic by 27.8% during the 3rd quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock valued at $582,000 after buying an additional 35,400 shares during the period. Bensler LLC acquired a new position in Key Tronic in the third quarter valued at $109,000. Finally, Goldman Sachs Group Inc. grew its position in Key Tronic by 65.9% during the first quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after acquiring an additional 9,327 shares during the period. Hedge funds and other institutional investors own 40.69% of the company’s stock.
Key Tronic Company Profile
Key Tronic Corporation (NASDAQ: KTCC) is a global electronics manufacturer headquartered in Spokane, Washington. The company specializes in the design, development and production of human-machine interfaces and input devices, with a core legacy in keyboard technology. Over more than five decades, Key Tronic has expanded its capabilities beyond keyboards to encompass a broad range of electronic assemblies for OEMs across computing, industrial, medical and consumer markets.
Key Tronic’s product portfolio includes membrane and mechanical keyboards, touch panels, silicone keypads and custom input solutions tailored to customer specifications.