Extremely significant negative changes in Key Tronic Corp (NASDAQ: KTCC) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Recent minimal negative changes in fundamentals have impacted Key Tronic Corp (NASDAQ: KTCC): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns 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 (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Key Tronic has a good Appreciation Score of 78 but a slightly negative Power Rating of 34, and the Neutral Value Trend Rating results.
Recent Price Action
Key Tronic Corp (NASDAQ: KTCC) stock declined by -3.3% on 4/22/24. The shares closed at $4.41. This decline was accompanied by normal trading volume. The stock has been weak relative to the market over the last nine months and has declined -2.6% during the last week.
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