Shares of Stoneridge, Inc. (NYSE:SRI - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.98 and traded as high as $7.11. Stoneridge shares last traded at $7.07, with a volume of 150,028 shares.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on SRI shares. Zacks Research raised shares of Stoneridge from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 21st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Stoneridge in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Stoneridge has an average rating of "Reduce" and an average target price of $16.00.
Get Our Latest Stock Report on SRI
Stoneridge Price Performance
The stock has a market cap of $201.64 million, a P/E ratio of -1.66 and a beta of 1.88. The firm has a 50-day moving average price of $7.18 and a 200-day moving average price of $6.98. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.27 and a current ratio of 1.89.
Stoneridge (NYSE:SRI - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The auto parts company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.26). The firm had revenue of $181.38 million for the quarter, compared to the consensus estimate of $161.85 million. Stoneridge had a negative net margin of 15.64% and a negative return on equity of 24.91%. On average, analysts forecast that Stoneridge, Inc. will post -0.82 earnings per share for the current fiscal year.
Insider Transactions at Stoneridge
In other Stoneridge news, CEO Natalia Noblet acquired 5,000 shares of the company's stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average price of $7.31 per share, with a total value of $36,550.00. Following the completion of the purchase, the chief executive officer directly owned 5,000 shares of the company's stock, valued at approximately $36,550. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William M. Lasky acquired 5,000 shares of the business's stock in a transaction on Friday, June 12th. The stock was acquired at an average price of $7.46 per share, for a total transaction of $37,300.00. Following the acquisition, the director owned 192,666 shares of the company's stock, valued at approximately $1,437,288.36. This trade represents a 2.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 16,000 shares of company stock valued at $115,910 in the last three months. 11.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Stoneridge
Large investors have recently made changes to their positions in the business. Strs Ohio purchased a new stake in shares of Stoneridge in the 1st quarter worth approximately $39,000. Quadrature Capital Ltd bought a new stake in Stoneridge in the fourth quarter worth $61,000. NewEdge Advisors LLC bought a new stake in Stoneridge in the fourth quarter worth $62,000. WINTON GROUP Ltd purchased a new stake in shares of Stoneridge in the fourth quarter worth $69,000. Finally, Jain Global LLC purchased a new stake in shares of Stoneridge in the fourth quarter worth $77,000. 98.07% of the stock is currently owned by hedge funds and other institutional investors.
Stoneridge Company Profile
(
Get Free Report)
Stoneridge, Inc NYSE: SRI is a global developer and manufacturer of highly engineered electrical and electronic components for the automotive and commercial vehicle markets. The company's product offerings span a range of safety, convenience and control systems, delivering tailored solutions that help original equipment manufacturers (OEMs) meet increasingly stringent regulatory and performance requirements.
Among Stoneridge's core products are rearview and side-view mirror systems, camera-based advanced driver assistance systems (ADAS) and interior and exterior lighting solutions.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Stoneridge, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stoneridge wasn't on the list.
While Stoneridge currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
