Stoneridge, Inc. (NYSE:SRI - Get Free Report) shares crossed 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.
Analysts Set New Price Targets
Several brokerages recently issued reports on SRI. Barrington Research reissued an "outperform" rating and set a $16.00 target price on shares of Stoneridge in a research note on Wednesday, June 18th. Wall Street Zen raised Stoneridge from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.
Read Our Latest Analysis on Stoneridge
Stoneridge Trading Down 2.8%
The company has a current ratio of 2.39, a quick ratio of 1.52 and a debt-to-equity ratio of 0.80. The stock has a 50 day simple moving average of $5.48 and a 200-day simple moving average of $5.13. The firm has a market cap of $215.84 million, a P/E ratio of -12.11 and a beta of 1.42.
Stoneridge (NYSE:SRI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The auto parts company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.02). The firm had revenue of $217.89 million during the quarter, compared to the consensus estimate of $212.42 million. Stoneridge had a negative return on equity of 4.66% and a negative net margin of 1.98%. On average, equities research analysts expect that Stoneridge, Inc. will post -0.42 EPS for the current fiscal year.
Hedge Funds Weigh In On Stoneridge
Several large investors have recently modified their holdings of SRI. Rhumbline Advisers boosted its holdings in Stoneridge by 4.9% during the 4th quarter. Rhumbline Advisers now owns 48,478 shares of the auto parts company's stock valued at $304,000 after acquiring an additional 2,274 shares during the period. US Bancorp DE boosted its holdings in Stoneridge by 65.2% during the 4th quarter. US Bancorp DE now owns 6,791 shares of the auto parts company's stock valued at $43,000 after acquiring an additional 2,679 shares during the period. Raymond James Financial Inc. purchased a new position in Stoneridge during the 4th quarter valued at $2,180,000. Amundi purchased a new position in Stoneridge during the 4th quarter valued at $134,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Stoneridge by 246.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,909 shares of the auto parts company's stock valued at $313,000 after acquiring an additional 35,500 shares during the period. Institutional investors own 98.07% of the company's stock.
Stoneridge Company Profile
(
Get Free Report)
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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