Strattec Security (NASDAQ:STRT) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Strattec Security Corporation (NASDAQ:STRT - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $46.09 and traded as high as $64.60. Strattec Security shares last traded at $63.01, with a volume of 108,527 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen cut Strattec Security from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th.

Strattec Security Stock Performance

The company has a market capitalization of $259.83 million, a PE ratio of 12.59, a PEG ratio of 1.33 and a beta of 1.39. The company has a 50 day moving average of $56.80 and a two-hundred day moving average of $46.21. 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 issued its quarterly earnings results on Thursday, May 8th. The auto parts company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.55. Strattec Security had a return on equity of 9.66% and a net margin of 3.60%. The company had revenue of $144.08 million for the quarter, compared to analysts' expectations of $140.84 million. As a group, equities research analysts predict 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 modified their holdings of STRT. Allspring Global Investments Holdings LLC raised its stake in Strattec Security by 16.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 54,202 shares of the auto parts company's stock valued at $2,139,000 after purchasing an additional 7,726 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Strattec Security by 152.1% in the 1st quarter. Ritholtz Wealth Management now owns 29,051 shares of the auto parts company's stock worth $1,146,000 after buying an additional 17,529 shares during the period. Jane Street Group LLC purchased a new stake in shares of Strattec Security during the 4th quarter worth $406,000. Millennium Management LLC lifted its stake in shares of Strattec Security by 143.8% during the 4th quarter. Millennium Management LLC now owns 29,597 shares of the auto parts company's stock worth $1,219,000 after purchasing an additional 17,459 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in Strattec Security during the 4th quarter valued at about $560,000. 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.