Strattec Security (NASDAQ:STRT) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Strattec Security Co. (NASDAQ:STRT)’s share price crossed 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 traded.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Strattec Security from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

Strattec Security Stock Down 1.2 %

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 2.18. The firm has a market cap of $168.96 million, a price-to-earnings ratio of 10.46, a PEG ratio of 1.59 and a beta of 1.15. The business’s 50-day moving average is $40.75 and its 200-day moving average is $35.18.

Strattec Security (NASDAQ:STRT) last announced its earnings results on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.56 by $0.36. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%. The business had revenue of $139.05 million for the quarter, compared to the consensus estimate of $139.32 million. During the same period in the previous year, the business earned $1.05 EPS. On average, equities analysts predict that Strattec Security Co. will post 2.76 EPS for the current year.

Institutional Trading of Strattec Security

Several large investors have recently made changes to their positions in the business. Acuitas Investments LLC bought a new position in shares of Strattec Security in the second quarter valued at about $925,000. Factorial Partners LLC acquired a new stake in Strattec Security in the 3rd quarter valued at about $1,346,000. Allspring Global Investments Holdings LLC bought a new position in shares of Strattec Security in the third quarter worth about $1,071,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Strattec Security during the third quarter worth approximately $374,000. Finally, Renaissance Technologies LLC grew its stake in shares of Strattec Security by 11.1% during the second quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company’s stock valued at $2,128,000 after purchasing an additional 8,500 shares during the last quarter. 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.