Strattec Security Corporation (NASDAQ:STRT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $43.80 and traded as high as $58.76. Strattec Security shares last traded at $57.92, with a volume of 60,026 shares changing hands.
Strattec Security Stock Down 1.1%
The company has a market capitalization of $247.37 million, a price-to-earnings ratio of 11.99, a P/E/G ratio of 1.32 and a beta of 1.39. The company has a quick ratio of 1.72, a current ratio of 2.33 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average price of $48.22 and a two-hundred day moving average price of $43.93.
Strattec Security (NASDAQ:STRT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The auto parts company reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.55. The firm had revenue of $144.08 million during the quarter, compared to analyst estimates of $140.84 million. Strattec Security had a return on equity of 9.66% and a net margin of 3.60%. As a group, sell-side analysts expect that Strattec Security Corporation will post 3.67 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new stake in Strattec Security in the fourth quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Strattec Security by 57.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company's stock worth $71,000 after acquiring an additional 623 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Strattec Security in the 1st quarter worth about $91,000. Bank of America Corp DE lifted its position in Strattec Security by 137.9% in the 4th quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company's stock valued at $91,000 after purchasing an additional 1,280 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Strattec Security by 172.0% in the 4th quarter. JPMorgan Chase & Co. now owns 4,392 shares of the auto parts company's stock valued at $181,000 after purchasing an additional 2,777 shares during the last quarter. Institutional investors and hedge funds own 68.91% of the company's stock.
About Strattec Security
(
Get Free Report)
Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company provides mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products.
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