Key Tronic Corporation
|Company Name||Key Tronic Corporation|
On February 10, 2021, Key Tronic reported that it had “received a notification from an employee regarding irregularities of the classification of inventory between raw material and work-in-process at a production facility.” As a result, the Company could not timely file its quarterly report for the period ended December 26, 2020 while it conducted an internal investigation into the accounting matters.
On this news, the Company’s stock price fell sharply during intraday trading on February 11th, 2021.
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