Strattec Security Co. (NASDAQ:STRT - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.18 and traded as high as $42.14. Strattec Security shares last traded at $41.20, with a volume of 13,637 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Strattec Security from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th.
View Our Latest Stock Analysis on Strattec Security
Strattec Security Stock Performance
The company has a debt-to-equity ratio of 0.06, a current ratio of 2.18 and a quick ratio of 1.48. The stock's 50-day moving average is $40.78 and its 200 day moving average is $35.22. The stock has a market cap of $168.96 million, a price-to-earnings ratio of 10.46, a P/E/G ratio of 1.59 and a beta of 1.15.
Strattec Security (NASDAQ:STRT - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The auto parts company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.36. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%. The firm had revenue of $139.05 million for the quarter, compared to analyst estimates of $139.32 million. During the same quarter in the prior year, the company posted $1.05 earnings per share. As a group, analysts predict that Strattec Security Co. will post 2.76 earnings per share for the current fiscal year.
Institutional Trading of Strattec Security
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Acuitas Investments LLC purchased a new position in Strattec Security in the second quarter valued at about $925,000. Factorial Partners LLC purchased a new position in Strattec Security in the 3rd quarter valued at approximately $1,346,000. Allspring Global Investments Holdings LLC purchased a new position in Strattec Security in the 3rd quarter valued at approximately $1,071,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Strattec Security during the third quarter worth $374,000. Finally, Renaissance Technologies LLC boosted its position in Strattec Security by 11.1% during the second quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company's stock worth $2,128,000 after purchasing an additional 8,500 shares in the last quarter. Institutional investors and hedge funds own 68.91% of the company's stock.
About Strattec Security
(
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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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