Strattec Security (NASDAQ:STRT) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Shares of Strattec Security Co. (NASDAQ:STRT - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $41.49 and traded as high as $54.44. Strattec Security shares last traded at $51.84, with a volume of 74,754 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Strattec Security from a "buy" rating to a "strong-buy" rating in a report on Friday, February 7th.

Strattec Security Trading Up 3.7%

The company has a quick ratio of 1.77, a current ratio of 2.60 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $233.39 million, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 1.37 and a beta of 1.10. The business has a fifty day moving average price of $40.38 and a 200 day moving average price of $41.73.

Strattec Security (NASDAQ:STRT - Get Free Report) last announced its earnings results on Thursday, May 8th. The auto parts company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.55. Strattec Security had a return on equity of 7.76% and a net margin of 2.92%. The business had revenue of $144.08 million for the quarter, compared to analyst estimates of $140.84 million. On average, analysts expect that Strattec Security Co. will post 3.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in STRT. Dimensional Fund Advisors LP lifted its position in Strattec Security by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 234,260 shares of the auto parts company's stock worth $9,652,000 after buying an additional 7,880 shares in the last quarter. Truffle Hound Capital LLC acquired a new stake in shares of Strattec Security in the fourth quarter valued at about $5,150,000. Renaissance Technologies LLC raised its holdings in Strattec Security by 4.2% during the fourth quarter. Renaissance Technologies LLC now owns 100,906 shares of the auto parts company's stock worth $4,157,000 after acquiring an additional 4,100 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Strattec Security by 33.7% during the first quarter. Acadian Asset Management LLC now owns 78,047 shares of the auto parts company's stock worth $3,076,000 after acquiring an additional 19,693 shares in the last quarter. Finally, Peapod Lane Capital LLC acquired a new position in Strattec Security during the fourth quarter valued at approximately $2,934,000. Institutional investors and hedge funds own 68.91% of the company's stock.

Strattec Security Company Profile

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.