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David H. Knaggs, Executive Vice President of Quality and IS at Key Tronic Corp (NASDAQ:KTCC), sold 906 shares of common stock on September 3, 2025, at a price of $2.91, totaling $2636. According to InvestingPro data, Key Tronic, with a market capitalization of $34 million, is currently trading near its 52-week low of $2.21, while showing a price-to-book ratio of just 0.26.
The transaction follows the exercise of 3,695 restricted stock units, each representing a contingent right to receive one share of common stock. The company has faced profitability challenges, with InvestingPro analysis showing negative earnings in the last twelve months.
Following the sale, Knaggs directly owns 2,789 shares of Key Tronic stock. Additionally, Knaggs indirectly owns 8,327 shares through a 401(k) plan, which includes 146 shares acquired between May 13, 2025, and September 3, 2025. Despite recent challenges, the company maintains strong liquidity with a current ratio of 2.55, indicating solid short-term financial health.
In other recent news, Key Tronic Corporation reported its fourth-quarter fiscal year 2025 earnings, highlighting a challenging period with a notable decline in revenue and an increased net loss compared to the previous year. Despite these financial setbacks, the company expressed optimism about future growth, citing strategic expansions and new contracts as potential drivers for improvement. The company’s recent developments have caught the attention of investors, although no specific analyst upgrades or downgrades were mentioned in the provided context. Key Tronic’s strategic moves and contract acquisitions are part of its efforts to navigate through the current financial challenges. These developments are part of the company’s ongoing strategy to enhance its market position. The details of the earnings report underscore the company’s focus on long-term growth despite short-term financial difficulties. Investors will likely keep an eye on how these strategic initiatives impact future earnings and revenue.
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