Shares of Key Tronic Corporation (Nasdaq:KTCC) have taken a tremendous swing upward. The stock is trading at $7.92 as of 9:30 a.m. ET, 27% above Tuesday's closing price of $6.24. Volume is at 49,619, 1.6 times the daily average of 30,400.
NEW YORK ( TheStreet) -- Shares of Key Tronic Corporation (Nasdaq: KTCC) have taken a tremendous swing upward. The stock is trading at $7.92 as of 9:30 a.m. ET, 27% above Tuesday's closing price of $6.24. Volume is at 49,619, 1.6 times the daily average of 30,400. Key Tronic has a market cap of $62.2 million and is part of the technology sector and computer hardware industry. Shares are up 33% year to date as of the close of trading on Tuesday. Key Tronic Corporation, doing business as KeyTronicEMS Co., together with its subsidiaries, provides electronic manufacturing services (EMS) and solutions to original equipment manufacturers in the United States, Mexico, and China. The company has a P/E ratio of 12.4, above the average computer hardware industry P/E ratio of 11.7 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Key Tronic as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Key Tronic Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.