Intraday Mover: Key Tronic Corporation (NASDAQ: KTCC)

Raymond Young

I am Raymond Young and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions.

I am the driving force behind Import Tourism with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Technology” category.

Address: 3194 Flynn Street, Garfield Heights, OH 44125, USA
Phone: (+1) 440-829-5759
Email: raymondyoung@importtourism.com
Raymond Young

SPOKANE VALLEY, Wash., June 28, 2019 – Shares of Key Tronic Corporation (NASDAQ: KTCC) declined -0.20% to $4.98. The stock traded total volume of 8.241K shares lower than the average volume of 19.30K shares.

Key Tronic Corp. (KTCC) reported a fiscal third-quarter loss of $12.0M or $(1.11) per share, contrast to net income of $0.60M or $0.06 per share for the same period of fiscal year 2018. For the first nine months of fiscal year 2019, the net loss was $8.80M or $(0.82) per share, contrasts to net income of $0.90M or $0.08 per share for the same period of fiscal year 2018.

For the third quarter of fiscal year 2019, the company reported total revenue of $108.00M, contrast to $108.40M in the same period of fiscal year 2018. For the first nine months of fiscal year 2019, total revenue was $358.50M, up 9% from $329.30M in the same period of fiscal year 2018.

Business Outlook:

For the fourth quarter of fiscal year 2019, the Company anticipates to report revenue in the range of $112.0M to $117.0M, and earnings in the range of $0.10 to $0.15 per diluted share. These expected results assume an effective tax rate of 20% in the quarter.

KTCC has the market capitalization of $54.09M and its EPS growth ratio for the past five years was -16.10%. The return on assets ratio of the Company was -4.50% while its return on investment ratio stands at 0.80%. Price to sales ratio was 0.11 while 47.10% of the stock was owned by institutional investors.

Raymond Young

Raymond Young

I am Raymond Young and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Import Tourism with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Technology” category. Address: 3194 Flynn Street, Garfield Heights, OH 44125, USA Phone: (+1) 440-829-5759 Email: raymondyoung@importtourism.com