Stoneridge, Inc. (NYSE:SRI - Get Free Report) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 694,100 shares, a growth of 26.7% from the May 15th total of 547,900 shares. Based on an average trading volume of 296,300 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.6% of the company's shares are sold short.
Stoneridge Stock Down 2.6%
Shares of NYSE:SRI traded down $0.17 during trading on Friday, hitting $6.10. The stock had a trading volume of 235,941 shares, compared to its average volume of 290,458. The company has a market capitalization of $169.75 million, a PE ratio of -9.52 and a beta of 1.32. The company has a quick ratio of 1.52, a current ratio of 2.39 and a debt-to-equity ratio of 0.80. The firm's fifty day moving average is $4.86 and its 200 day moving average is $5.10. Stoneridge has a 12 month low of $3.54 and a 12 month high of $18.40.
Stoneridge (NYSE:SRI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The firm had revenue of $217.89 million during the quarter, compared to analysts' expectations of $212.42 million. Stoneridge had a negative return on equity of 4.66% and a negative net margin of 1.98%. Analysts anticipate that Stoneridge will post -0.42 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have commented on SRI shares. Barrington Research restated an "outperform" rating and issued a $16.00 price objective on shares of Stoneridge in a report on Wednesday. Wall Street Zen upgraded shares of Stoneridge from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th.
Get Our Latest Stock Report on SRI
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. 22NW LP lifted its holdings in shares of Stoneridge by 374.8% during the first quarter. 22NW LP now owns 1,627,653 shares of the auto parts company's stock valued at $7,471,000 after purchasing an additional 1,284,866 shares during the last quarter. Cooper Creek Partners Management LLC increased its position in Stoneridge by 0.7% during the 4th quarter. Cooper Creek Partners Management LLC now owns 1,442,314 shares of the auto parts company's stock valued at $9,043,000 after buying an additional 9,829 shares in the last quarter. Ewing Morris & Co. Investment Partners Ltd. increased its position in Stoneridge by 1.4% during the 4th quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,224,273 shares of the auto parts company's stock valued at $7,676,000 after buying an additional 16,833 shares in the last quarter. Millennium Management LLC raised its stake in Stoneridge by 3.0% during the first quarter. Millennium Management LLC now owns 954,577 shares of the auto parts company's stock valued at $4,382,000 after buying an additional 28,037 shares during the last quarter. Finally, AYAL Capital Advisors Ltd boosted its holdings in Stoneridge by 264.2% in the fourth quarter. AYAL Capital Advisors Ltd now owns 923,494 shares of the auto parts company's stock worth $5,790,000 after acquiring an additional 669,935 shares in the last quarter. 98.07% of the stock is owned by hedge funds and other institutional investors.
About Stoneridge
(
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Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.
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