Stoneridge (NYSE:SRI) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Stoneridge, Inc. (NYSE:SRI - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.13 and traded as high as $8.01. Stoneridge shares last traded at $7.97, with a volume of 250,421 shares trading hands.

Analyst Ratings Changes

Several analysts recently issued reports on SRI shares. Barrington Research reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Stoneridge in a report on Wednesday, June 18th. Wall Street Zen raised shares of Stoneridge from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th.

Stoneridge Stock Up 2.8%

The company has a market capitalization of $221.96 million, a price-to-earnings ratio of -12.45 and a beta of 1.42. The stock's fifty day simple moving average is $5.48 and its two-hundred day simple moving average is $5.14. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.39 and a quick ratio of 1.52.

Stoneridge (NYSE:SRI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.02). The business had revenue of $217.89 million for the quarter, compared to analyst estimates of $212.42 million. Stoneridge had a negative return on equity of 4.66% and a negative net margin of 1.98%. On average, sell-side analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal year.

Institutional Trading of Stoneridge

Institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. acquired a new stake in shares of Stoneridge during the fourth quarter worth $25,000. GAMMA Investing LLC grew its position in shares of Stoneridge by 2,684.5% during the first quarter. GAMMA Investing LLC now owns 6,293 shares of the auto parts company's stock worth $29,000 after acquiring an additional 6,067 shares during the last quarter. US Bancorp DE grew its position in shares of Stoneridge by 65.2% during the fourth quarter. US Bancorp DE now owns 6,791 shares of the auto parts company's stock worth $43,000 after acquiring an additional 2,679 shares during the last quarter. Strs Ohio bought a new position in shares of Stoneridge during the first quarter worth about $39,000. Finally, Quantinno Capital Management LP bought a new position in shares of Stoneridge during the fourth quarter worth about $63,000. 98.07% of the stock is owned by institutional investors and hedge funds.

About Stoneridge

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.