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

Shares of Strattec Security Corporation (NASDAQ:STRT - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $46.95 and traded as high as $66.45. Strattec Security shares last traded at $66.35, with a volume of 90,241 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Strattec Security from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th.

Strattec Security Stock Up 0.1%

The company has a current ratio of 2.33, a quick ratio of 1.72 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average of $59.47 and a 200-day moving average of $47.41. The firm has a market cap of $268.65 million, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 1.36 and a beta of 1.39.

Strattec Security (NASDAQ:STRT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The auto parts company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.55. The company had revenue of $144.08 million during the quarter, compared to analysts' expectations 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 forecast that Strattec Security Corporation will post 3.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Strattec Security

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of Strattec Security by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 234,260 shares of the auto parts company's stock valued at $9,652,000 after buying an additional 7,880 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Strattec Security by 4.2% during the 4th quarter. Renaissance Technologies LLC now owns 100,906 shares of the auto parts company's stock valued at $4,157,000 after purchasing an additional 4,100 shares in the last quarter. Acadian Asset Management LLC lifted its stake 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 valued at $3,076,000 after purchasing an additional 19,693 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Strattec Security by 16.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 54,202 shares of the auto parts company's stock worth $2,139,000 after purchasing an additional 7,726 shares in the last quarter. Finally, De Lisle Partners LLP increased its position in Strattec Security by 2.4% during the first quarter. De Lisle Partners LLP now owns 44,129 shares of the auto parts company's stock worth $1,736,000 after buying an additional 1,035 shares during the last quarter. 68.91% of the stock is currently owned by institutional investors and hedge funds.

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.