Key Tronic (NASDAQ:KTCC) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Key Tronic Corporation (NASDAQ:KTCC) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.91 and traded as high as $4.00. Key Tronic shares last traded at $3.71, with a volume of 17,621 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Key Tronic in a report on Tuesday, April 21st. One investment 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 Trading Down 1.6%

The company has a debt-to-equity ratio of 0.95, a current ratio of 2.06 and a quick ratio of 1.21. The firm has a market capitalization of $40.29 million, a PE ratio of -2.32 and a beta of 1.22. The company’s fifty day simple moving average is $3.17 and its 200-day simple moving average is $2.91.

Hedge Funds Weigh In On Key Tronic

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

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.