Stoneridge (NYSE:SRI) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Stoneridge, Inc. (NYSE:SRI) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.95 and traded as high as $9.71. Stoneridge shares last traded at $9.18, with a volume of 387,638 shares.

Analyst Upgrades and Downgrades

Several brokerages have commented on SRI. Weiss Ratings restated a “sell (d-)” rating on shares of Stoneridge in a report on Monday, December 29th. Barrington Research reissued an “outperform” rating and issued a $16.00 price target on shares of Stoneridge in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.00.

Stoneridge Trading Up 2.9%

The stock’s fifty day moving average price is $6.32 and its 200 day moving average price is $6.95. The stock has a market cap of $257.20 million, a P/E ratio of -7.91 and a beta of 1.51. The company has a current ratio of 2.13, a quick ratio of 1.33 and a debt-to-equity ratio of 0.68.

Hedge Funds Weigh In On Stoneridge

Several large investors have recently modified their holdings of the stock. Strs Ohio bought a new stake in Stoneridge during the 1st quarter valued at about $39,000. Catalyst Funds Management Pty Ltd bought a new position in shares of Stoneridge in the second quarter worth approximately $70,000. R Squared Ltd purchased a new stake in shares of Stoneridge during the second quarter valued at approximately $80,000. Savant Capital LLC bought a new stake in shares of Stoneridge during the second quarter valued at approximately $87,000. Finally, Villere ST Denis J & Co. LLC bought a new stake in shares of Stoneridge during the fourth quarter valued at approximately $87,000. Hedge funds and other institutional investors own 98.07% of the company’s stock.

About Stoneridge

Stoneridge, Inc (NYSE: SRI) is a global developer and manufacturer of highly engineered electrical and electronic components for the automotive and commercial vehicle markets. The company’s product offerings span a range of safety, convenience and control systems, delivering tailored solutions that help original equipment manufacturers (OEMs) meet increasingly stringent regulatory and performance requirements.

Among Stoneridge’s core products are rearview and side-view mirror systems, camera-based advanced driver assistance systems (ADAS) and interior and exterior lighting solutions.