Key Tronic Corporation (NASDAQ:KTCC - Get Free Report) CEO Brett Larsen sold 2,957 shares of the company's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $3.73, for a total value of $11,029.61. Following the completion of the sale, the chief executive officer directly owned 28,284 shares of the company's stock, valued at $105,499.32. The trade was a 9.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Key Tronic Stock Performance
Shares of NASDAQ:KTCC opened at $2.51 on Tuesday. The business's 50-day simple moving average is $3.90 and its 200 day simple moving average is $3.37. The company has a market cap of $27.26 million, a P/E ratio of -0.57 and a beta of 1.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 2.06. Key Tronic Corporation has a one year low of $2.40 and a one year high of $4.42.
Key Tronic (NASDAQ:KTCC - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The technology company reported ($0.26) earnings per share for the quarter. Key Tronic had a negative return on equity of 6.42% and a negative net margin of 12.36%.The company had revenue of $102.03 million during the quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Key Tronic in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Key Tronic presently has an average rating of "Sell".
View Our Latest Research Report on Key Tronic
Hedge Funds Weigh In On Key Tronic
Institutional investors have recently made changes to their positions in the business. Susquehanna International Group LLP purchased a new position in shares of Key Tronic during the 2nd quarter valued at approximately $57,000. Goldman Sachs Group Inc. grew its position 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 buying an additional 9,327 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Key Tronic in the second quarter worth $95,000. BlackRock Inc. bought a new stake in shares of Key Tronic in the second quarter worth $533,000. Finally, Moors & Cabot Inc. raised its holdings in Key Tronic by 27.8% in the third quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company's stock valued at $582,000 after acquiring an additional 35,400 shares in the last quarter. 40.69% of the stock is owned by institutional investors and hedge funds.
About Key Tronic
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Get Free Report)
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.
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