Strattec Security Corporation (NASDAQ:STRT - Get Free Report)'s stock price 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 changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded Strattec Security from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th.
Read Our Latest Stock Analysis on STRT
Strattec Security Price Performance
The stock has a fifty day moving average price of $59.47 and a 200-day moving average price of $47.30. The company has a market cap of $268.59 million, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.37 and a beta of 1.39. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.33 and a quick ratio of 1.72.
Strattec Security (NASDAQ:STRT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The auto parts company reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.55. Strattec Security had a net margin of 3.60% and a return on equity of 9.66%. The business had revenue of $144.08 million for the quarter, compared to the consensus estimate of $140.84 million. On average, equities analysts expect that Strattec Security Corporation will post 3.67 earnings per share for the current year.
Hedge Funds Weigh In On Strattec Security
A number of hedge funds have recently modified their holdings of the stock. Johnson Investment Counsel Inc. acquired a new position in shares of Strattec Security in the second quarter worth $242,000. Janney Montgomery Scott LLC acquired a new stake in shares of Strattec Security in the second quarter worth about $666,000. Goldman Sachs Group Inc. increased its holdings in shares of Strattec Security by 41.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 22,548 shares of the auto parts company's stock valued at $890,000 after acquiring an additional 6,624 shares during the last quarter. Ellsworth Advisors LLC acquired a new position in shares of Strattec Security during the 1st quarter valued at about $583,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Strattec Security by 33.7% during 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 acquiring an additional 19,693 shares during the last quarter. 68.91% of the stock is owned by institutional investors and hedge funds.
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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