Shares of Strattec Security Co. (NASDAQ:STRT - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.48 and traded as high as $42.21. Strattec Security shares last traded at $40.86, with a volume of 15,974 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Strattec Security from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th.
Check Out Our Latest Report on STRT
Strattec Security Stock Down 2.2 %
The company has a market cap of $163.88 million, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 1.59 and a beta of 1.15. The company has a current ratio of 2.18, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. The firm's fifty day moving average price is $40.32 and its 200-day moving average price is $34.57.
Strattec Security (NASDAQ:STRT - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.56 by $0.36. Strattec Security had a net margin of 2.93% and a return on equity of 7.12%. The business had revenue of $139.05 million for the quarter, compared to analysts' expectations of $139.32 million. During the same period in the previous year, the firm posted $1.05 EPS. Sell-side analysts predict that Strattec Security Co. will post 2.76 earnings per share for the current year.
Institutional Trading of Strattec Security
A number of hedge funds and other institutional investors have recently made changes to their positions in STRT. Point72 Asia Singapore Pte. Ltd. bought a new position in Strattec Security in the third quarter valued at $47,000. Barclays PLC boosted its stake in shares of Strattec Security by 126.0% during the 3rd quarter. Barclays PLC now owns 3,950 shares of the auto parts company's stock worth $169,000 after buying an additional 2,202 shares during the last quarter. Perritt Capital Management Inc grew its holdings in shares of Strattec Security by 47.0% in the 2nd quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company's stock valued at $253,000 after acquiring an additional 3,229 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Strattec Security in the third quarter valued at about $266,000. Finally, Quadrature Capital Ltd bought a new stake in Strattec Security during the third quarter worth about $308,000. 68.91% of the stock is currently owned by institutional investors and hedge funds.
Strattec Security Company Profile
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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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