Stoneridge (NYSE:SRI) Upgraded by StockNews.com to "Buy" Rating

Stoneridge (NYSE:SRI - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Separately, Barrington Research reissued an "outperform" rating and issued a $16.00 price target on shares of Stoneridge in a research note on Tuesday, March 4th.

Stoneridge Trading Down 1.6 %

Shares of NYSE SRI traded down $0.08 during trading hours on Friday, reaching $4.52. The stock had a trading volume of 5,149 shares, compared to its average volume of 254,110. Stoneridge has a 52-week low of $4.11 and a 52-week high of $18.57. The company has a current ratio of 2.44, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. The business's fifty day moving average price is $4.93 and its two-hundred day moving average price is $6.86. The firm has a market cap of $125.04 million, a price-to-earnings ratio of -16.72 and a beta of 1.27.

Stoneridge (NYSE:SRI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The auto parts company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.36). The company had revenue of $218.20 million for the quarter, compared to analysts' expectations of $207.61 million. Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. Analysts expect that Stoneridge will post -0.42 EPS for the current fiscal year.

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Institutional Trading of Stoneridge

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its holdings in Stoneridge by 119.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 39,324 shares of the auto parts company's stock valued at $247,000 after acquiring an additional 21,388 shares during the period. PharVision Advisers LLC purchased a new stake in shares of Stoneridge in the 4th quarter valued at about $392,000. Squarepoint Ops LLC grew its stake in Stoneridge by 244.5% during the 4th quarter. Squarepoint Ops LLC now owns 44,071 shares of the auto parts company's stock worth $276,000 after buying an additional 31,278 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of Stoneridge during the fourth quarter worth approximately $165,000. Finally, Two Sigma Investments LP purchased a new stake in Stoneridge during the 4th quarter valued at approximately $698,000. 98.07% of the stock is currently owned by hedge funds and other 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.