Free Trial

Stoneridge (NYSE:SRI) Stock Passes Above 200-Day Moving Average - Here's Why

Stoneridge logo with Computer and Technology background

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.

Featured Articles

Should You Invest $1,000 in Stoneridge Right Now?

Before you consider Stoneridge, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stoneridge wasn't on the list.

While Stoneridge currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines