Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Key Tronic Corp (NASDAQ: KTCC) weakened recently. KTCC’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Key Tronic Corp (NASDAQ: KTCC) stock closed at $5.03 on 9/13/24 after a large increase of 2.9%. Moreover, trading volume in this advance was unusually high at 196% of normal. Relative to the market the stock has been weak over the last nine months but has risen 10.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, KTCC is expected to be Value Creation neutral.
Key Tronic has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Key Tronic has a good Appreciation Score of 77 but a neutral Power Rating of 48, triggering the High Neutral Value Trend Rating.
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