Key Tronic (NASDAQ:KTCC) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Key Tronic Corporation (NASDAQ:KTCC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.82 and traded as high as $3.35. Key Tronic shares last traded at $3.30, with a volume of 12,905 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Key Tronic in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Key Tronic currently has a consensus rating of “Sell”.

Key Tronic Trading Up 1.9%

The company has a quick ratio of 1.21, a current ratio of 2.06 and a debt-to-equity ratio of 0.95. The company has a fifty day moving average of $2.91 and a two-hundred day moving average of $2.82. The stock has a market capitalization of $35.84 million, a price-to-earnings ratio of -2.06 and a beta of 1.16.

Institutional Investors Weigh In On Key Tronic

Several hedge funds have recently modified their holdings of KTCC. Goldman Sachs Group Inc. lifted its holdings in shares of Key Tronic by 65.9% during the first quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock worth $61,000 after purchasing an additional 9,327 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of Key Tronic by 27.8% during the third quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock worth $582,000 after purchasing an additional 35,400 shares during the period. Finally, Sei Investments Co. raised its position in Key Tronic by 105.7% in the first quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock worth $944,000 after acquiring an additional 177,591 shares in the last quarter. 40.69% of the stock is owned by institutional investors and hedge funds.

About Key Tronic

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.