Barrington Research Reaffirms Outperform Rating for Stoneridge (NYSE:SRI)

Barrington Research reissued their outperform rating on shares of Stoneridge (NYSE:SRI - Free Report) in a research note issued to investors on Friday,Benzinga reports. They currently have a $16.00 price target on the auto parts company's stock.

Separately, StockNews.com upgraded shares of Stoneridge from a "hold" rating to a "buy" rating in a report on Saturday, March 29th.

Stoneridge Price Performance

Shares of NYSE:SRI traded up $0.01 on Friday, hitting $3.95. The stock had a trading volume of 174,569 shares, compared to its average volume of 265,851. The firm's 50 day moving average price is $4.56 and its 200-day moving average price is $5.84. The company has a market capitalization of $109.99 million, a price-to-earnings ratio of -14.63 and a beta of 1.26. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44. Stoneridge has a twelve month low of $3.54 and a twelve month high of $18.40.

Stoneridge (NYSE:SRI - Get Free Report) last released its earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.36). The business had revenue of $218.20 million for the quarter, compared to analyst estimates of $207.61 million. Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. On average, equities research analysts predict that Stoneridge will post -0.42 earnings per share for the current year.

Institutional Investors Weigh In On Stoneridge

Institutional investors have recently added to or reduced their stakes in the stock. Cooper Creek Partners Management LLC lifted its position in Stoneridge by 0.7% during the 4th quarter. Cooper Creek Partners Management LLC now owns 1,442,314 shares of the auto parts company's stock worth $9,043,000 after buying an additional 9,829 shares in the last quarter. Ewing Morris & Co. Investment Partners Ltd. increased its stake in shares of Stoneridge by 1.4% during the 4th quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,224,273 shares of the auto parts company's stock worth $7,676,000 after purchasing an additional 16,833 shares during the last quarter. Millennium Management LLC increased its stake in shares of Stoneridge by 440.8% during the 4th quarter. Millennium Management LLC now owns 926,540 shares of the auto parts company's stock worth $5,809,000 after purchasing an additional 755,223 shares during the last quarter. AYAL Capital Advisors Ltd increased its stake in shares of Stoneridge by 264.2% during the 4th quarter. AYAL Capital Advisors Ltd now owns 923,494 shares of the auto parts company's stock worth $5,790,000 after purchasing an additional 669,935 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of Stoneridge by 405.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 699,838 shares of the auto parts company's stock worth $4,388,000 after purchasing an additional 561,488 shares during the last quarter. 98.07% of the stock is owned by institutional investors.

Stoneridge Company Profile

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.