Stoneridge (NYSE:SRI) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Stoneridge, Inc. (NYSE:SRI - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.19 and traded as high as $7.38. Stoneridge shares last traded at $7.32, with a volume of 364,279 shares.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SRI shares. Barrington Research reissued an "outperform" rating and issued a $16.00 price target on shares of Stoneridge in a report on Thursday, July 10th. Wall Street Zen raised shares of Stoneridge from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th.

Stoneridge Stock Down 3.2%

The stock has a market capitalization of $187.15 million, a P/E ratio of -10.50 and a beta of 1.42. The firm's fifty day moving average is $6.03 and its 200-day moving average is $5.23. The company has a current ratio of 2.39, a quick ratio of 1.52 and a debt-to-equity ratio of 0.80.

Stoneridge (NYSE:SRI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.02). Stoneridge had a negative net margin of 1.98% and a negative return on equity of 4.66%. The firm had revenue of $217.89 million for the quarter, compared to the consensus estimate of $212.42 million. As a group, equities research analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current year.

Institutional Investors Weigh In On Stoneridge

Several hedge funds and other institutional investors have recently modified their holdings of SRI. 22NW LP lifted its position in 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 buying an additional 1,284,866 shares during the period. Millennium Management LLC lifted its holdings in shares of Stoneridge by 440.8% in the 4th quarter. Millennium Management LLC now owns 926,540 shares of the auto parts company's stock worth $5,809,000 after buying an additional 755,223 shares during the period. Federated Hermes Inc. lifted its stake in shares of Stoneridge by 17,284.9% during the 1st quarter. Federated Hermes Inc. now owns 706,347 shares of the auto parts company's stock worth $3,242,000 after purchasing an additional 702,284 shares during the last quarter. AYAL Capital Advisors Ltd raised its stake 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 valued at $5,790,000 after buying an additional 669,935 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Stoneridge by 405.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 699,838 shares of the auto parts company's stock valued at $4,388,000 after purchasing an additional 561,488 shares during the period. 98.07% of the stock is currently owned by institutional investors.

Stoneridge Company Profile

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.