Key Tronic Stock Rebounds From Low

Stock in Key Tronic Corp., after touching a 52-week low only a week ago, was among the biggest gainers Monday on the Nasdaq over-the-counter market.

The Spokane-based maker of computer keyboards climbed $1.25 to $8 for an 18 percent gain on the day. Volume was 187,400 shares. On February 16, Key Tronic shares traded at $5.12.

Robert Toomey, an analyst for Piper Jaffray in Seattle, said the jump may be due to several factors. Monday’s Wall Street Journal reported that home personal computer sales in the fourth quarter vastly exceeded analyst expectations.

Also, he said, Piper Jaffray raised its rating on the stock last Tuesday to “Strong Buy,” and investors may be anticipating further positive news.

, DataTimes