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.
Read Our Latest Report on SRI
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
(
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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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