Strattec Security (NASDAQ:STRT) Shares Pass Above Two Hundred Day Moving Average of $23.78

Shares of Strattec Security Co. (NASDAQ:STRT) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.78 and traded as high as $24.70. Strattec Security shares last traded at $23.03, with a volume of 16,727 shares.

Strattec Security Price Performance

The company has a market capitalization of $93.73 million, a P/E ratio of 460.69, a P/E/G ratio of 1.62 and a beta of 1.11. The stock’s 50 day moving average is $24.54 and its 200-day moving average is $23.78.

Strattec Security (NASDAQ:STRT) last announced its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.72. The business had revenue of $118.53 million for the quarter, compared to analysts’ expectations of $110.15 million. Strattec Security had a net margin of 0.04% and a return on equity of 2.29%. On average, equities research analysts anticipate that Strattec Security Co. will post 1.52 EPS for the current year.

Institutional Investors Weigh In On Strattec Security

A number of institutional investors have recently made changes to their positions in STRT. Victory Capital Management Inc. purchased a new stake in shares of Strattec Security during the fourth quarter valued at approximately $96,000. Perritt Capital Management Inc. grew its holdings in shares of Strattec Security by 63.6% during the third quarter. Perritt Capital Management Inc. now owns 6,873 shares of the auto parts company’s stock valued at $157,000 after buying an additional 2,673 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Strattec Security by 17.0% during the second quarter. Northern Trust Corp now owns 10,888 shares of the auto parts company’s stock valued at $198,000 after buying an additional 1,579 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in Strattec Security in the first quarter worth approximately $202,000. Finally, Bank of New York Mellon Corp boosted its holdings in Strattec Security by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 8,368 shares of the auto parts company’s stock worth $316,000 after purchasing an additional 667 shares during the last quarter. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Strattec Security Company Profile

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.