Strattec Security (NASDAQ:STRT) Stock Crosses Above 200-Day Moving Average - Here's Why

Strattec Security Corporation (NASDAQ:STRT - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.72 and traded as high as $70.58. Strattec Security shares last traded at $71.98, with a volume of 123,178 shares traded.

Strattec Security Stock Up 7.1%

The stock has a market cap of $300.16 million, a P/E ratio of 14.54, a P/E/G ratio of 1.42 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 company has a 50-day simple moving average of $51.25 and a two-hundred day simple moving average of $44.72.

Strattec Security (NASDAQ:STRT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The auto parts company reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.55. The company had revenue of $144.08 million during the quarter, compared to analyst estimates of $140.84 million. Strattec Security had a net margin of 3.60% and a return on equity of 9.66%. On average, equities analysts forecast that Strattec Security Corporation will post 3.67 EPS for the current year.

Hedge Funds Weigh In On Strattec Security

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Strattec Security by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 234,260 shares of the auto parts company's stock worth $9,652,000 after purchasing an additional 7,880 shares during the last quarter. Truffle Hound Capital LLC purchased a new stake in Strattec Security in the 4th quarter worth approximately $5,150,000. Renaissance Technologies LLC lifted its holdings in Strattec Security by 4.2% in the 4th quarter. Renaissance Technologies LLC now owns 100,906 shares of the auto parts company's stock worth $4,157,000 after buying an additional 4,100 shares during the period. Acadian Asset Management LLC grew its position in shares of Strattec Security by 33.7% in the 1st quarter. Acadian Asset Management LLC now owns 78,047 shares of the auto parts company's stock worth $3,076,000 after buying an additional 19,693 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Strattec Security by 16.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 54,202 shares of the auto parts company's stock valued at $2,139,000 after buying an additional 7,726 shares during the period. 68.91% of the stock is owned by institutional investors.

About Strattec Security

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.