Stoneridge (NYSE:SRI) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• Stoneridge shares surpassed their 200-day moving average of $6.36, trading at $7.30 with a recent high of $7.66.
• Analyst recommendations are mixed, with a consensus rating of "Hold" and a price target from Barrington Research set at $16.00.
• The company reported losses with earnings per share of ($0.25), missing estimates, despite revenue of $227.95 million exceeding expectations.

Stoneridge, Inc. (NYSE:SRI - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.36 and traded as high as $7.66. Stoneridge shares last traded at $7.30, with a volume of 153,358 shares trading hands.

Analyst Upgrades and Downgrades

SRI has been the subject of several recent research reports. Barrington Research reissued an "outperform" rating and issued a $16.00 price target on shares of Stoneridge in a research note on Wednesday, August 20th. Weiss Ratings reissued a "sell (d)" rating on shares of Stoneridge in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $16.00.

Stoneridge Trading Down 3.9%

The company has a quick ratio of 1.35, a current ratio of 2.14 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $204.47 million, a PE ratio of -6.76 and a beta of 1.47. The stock's fifty day moving average price is $8.01 and its two-hundred day moving average price is $6.36.

Stoneridge (NYSE:SRI - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The auto parts company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.16). Stoneridge had a negative return on equity of 9.24% and a negative net margin of 3.39%.The business had revenue of $227.95 million during the quarter, compared to analysts' expectations of $219.90 million. Sell-side analysts anticipate that Stoneridge, Inc. will post -0.42 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SRI. GAMMA Investing LLC lifted its position in shares of Stoneridge by 2,684.5% in the 1st quarter. GAMMA Investing LLC now owns 6,293 shares of the auto parts company's stock worth $29,000 after purchasing an additional 6,067 shares during the period. Strs Ohio bought a new position in Stoneridge in the first quarter worth about $39,000. CWM LLC lifted its holdings in Stoneridge by 580.6% in the first quarter. CWM LLC now owns 12,849 shares of the auto parts company's stock worth $59,000 after buying an additional 10,961 shares during the period. Catalyst Funds Management Pty Ltd bought a new stake in Stoneridge during the 2nd quarter valued at approximately $70,000. Finally, R Squared Ltd purchased a new position in shares of Stoneridge during the 2nd quarter worth approximately $80,000. 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.

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