Strattec Security (NASDAQ:STRT) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Strattec Security Co. (NASDAQ:STRT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.78 and traded as high as $61.44. Strattec Security shares last traded at $59.32, with a volume of 52,505 shares traded.

Strattec Security Price Performance

The company has a market capitalization of $247.25 million, a P/E ratio of 14.83, a P/E/G ratio of 1.37 and a beta of 1.39. The business’s 50-day simple moving average is $43.70 and its 200 day simple moving average is $42.78. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06.

Strattec Security (NASDAQ:STRT) last released its quarterly earnings results on Thursday, May 8th. The auto parts company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.55. Strattec Security had a net margin of 2.92% and a return on equity of 7.76%. The company had revenue of $144.08 million for the quarter, compared to the consensus estimate of $140.84 million. As a group, sell-side analysts anticipate that Strattec Security Co. will post 3.67 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in Strattec Security during the fourth quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in Strattec Security by 57.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company’s stock valued at $71,000 after buying an additional 623 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Strattec Security during the first quarter valued at about $91,000. Bank of America Corp DE lifted its holdings in shares of Strattec Security by 137.9% during the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock valued at $91,000 after purchasing an additional 1,280 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Strattec Security by 172.0% during the fourth quarter. JPMorgan Chase & Co. now owns 4,392 shares of the auto parts company’s stock valued at $181,000 after purchasing an additional 2,777 shares during the last quarter. Institutional investors own 68.91% of the company’s stock.

About Strattec Security

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.