Moors & Cabot Inc. boosted its stake in shares of Key Tronic Co. (NASDAQ:KTCC) by 114.7% in the 1st quarter, HoldingsChannel reports. The fund owned 740,100 shares of the technology company’s stock after purchasing an additional 395,425 shares during the quarter. Moors & Cabot Inc. owned about 0.07% of Key Tronic worth $4,560,000 at the end of the most recent reporting period.
Separately, Dimensional Fund Advisors LP raised its stake in Key Tronic by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 891,765 shares of the technology company’s stock worth $5,038,000 after acquiring an additional 6,871 shares in the last quarter. 44.50% of the stock is owned by institutional investors and hedge funds.
Shares of KTCC stock opened at $5.73 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.17 and a debt-to-equity ratio of 0.28. The firm has a market cap of $61.70 million, a PE ratio of 13.03 and a beta of 0.43. Key Tronic Co. has a 52 week low of $5.33 and a 52 week high of $8.60.
Several research firms have issued reports on KTCC. TheStreet lowered Key Tronic from a “c-” rating to a “d” rating in a research note on Wednesday. ValuEngine cut Key Tronic from a “hold” rating to a “sell” rating in a report on Monday, April 1st.
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Key Tronic Profile
Key Tronic Corporation, doing business as KeyTronicEMS Co, provides electronic manufacturing services (EMS) and solutions to original equipment manufacturers in the United States and internationally. The company offers integrated electronic and mechanical engineering, assembly, sourcing and procurement, logistics, and new product testing services.
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