Key Tronic (NASDAQ:KTCC) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Key Tronic Corporation (NASDAQ:KTCC) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.96 and traded as low as $2.72. Key Tronic shares last traded at $2.76, with a volume of 21,423 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Key Tronic in a report on Thursday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Key Tronic Stock Performance

The company has a fifty day moving average price of $2.64 and a two-hundred day moving average price of $2.96. The firm has a market cap of $29.97 million, a price-to-earnings ratio of -2.53 and a beta of 1.10. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.39 and a quick ratio of 1.32.

Hedge Funds Weigh In On Key Tronic

Several large investors have recently made changes to their positions in the business. Moors & Cabot Inc. raised its holdings in shares of Key Tronic by 27.8% in 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 in the last quarter. Bensler LLC bought a new stake in Key Tronic during the third quarter worth approximately $109,000. Finally, Goldman Sachs Group Inc. grew its position in Key Tronic by 65.9% in the first quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock worth $61,000 after buying an additional 9,327 shares during the last quarter. Institutional investors own 40.69% of the company’s stock.

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.