Key Tronic (NASDAQ:KTCC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Key Tronic Corporation (NASDAQ:KTCC)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.86 and traded as high as $3.97. Key Tronic shares last traded at $3.73, with a volume of 52,676 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Key Tronic in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Key Tronic presently has a consensus rating of “Sell”.

Key Tronic Price Performance

The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 2.06. The stock’s 50-day moving average is $3.05 and its 200 day moving average is $2.86. The stock has a market capitalization of $40.51 million, a PE ratio of -2.33 and a beta of 1.22.

Institutional Trading of Key Tronic

A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its stake in Key Tronic by 65.9% during the 1st 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. boosted its stake in Key Tronic by 27.8% during the 3rd 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. boosted its stake in Key Tronic by 105.7% during the 1st quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock worth $944,000 after purchasing an additional 177,591 shares during the period. Institutional investors and hedge funds 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.