The Forecast Just Changed on Key Tronic Corporation (NASDAQ:KTCC)

The Forecast Just Changed on Key Tronic Corporation (NASDAQ:KTCC)

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The Key Tronic Corporation (KTCC) shares are trading at higher $5.01.

To add more color to this target, the company’s high over the last year is $6.99 and the low is $2.51. Over the last 52 weeks, KTCC is down -28.33% while the S&P 500 is up 1.07%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, KTCC reported a profit of $9.25 million. Key Tronic Corporation also saw revenues increase to $111.45 million. In addition, KTCC has free cash flow of -$37.98 million as of 03-2020 The company’s EBITDA came in at $2.62 million which compares well with its peers.

KTCC booked profit margins of 0.90%, its Return on Equity (ROE) is 3.60%, and its Return on Assets is 1.50%. All told, it is clear that, KTCC needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. KTCC has a short ratio of 3.37 and outstanding shares of 10.76M.

Company Outlook

KTCC has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 10610.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.38. Key Tronic Corporation KTCC also noted assets of $288.4 million at the end of the last quarter. Investors should also keep an eye on sector updates as KTCC has historically followed its peers on positive news.

All told, Key Tronic Corporation KTCC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, KTCC represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Key Tronic Corporation KTCC is now commanding a market cap of 52.76M and a float of 10.05M. KTCC is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of KTCC stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in KTCC, either long or short, and we have not been compensated for this article.