Stoneridge (NYSE:SRI) Upgraded at Zacks Research

Zacks Research upgraded shares of Stoneridge (NYSE:SRI) to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

A number of other brokerages also recently weighed in on SRI. Wall Street Zen upgraded Stoneridge from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stoneridge in a research report on Monday, December 29th. Finally, Barrington Research lowered Stoneridge from an “outperform” rating to a “market perform” rating in a report on Monday, March 16th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $16.00.

Stoneridge Stock Down 0.0%

Shares of NYSE:SRI opened at $5.49 on Wednesday. The business’s 50 day moving average is $7.22 and its 200 day moving average is $6.85. Stoneridge has a 12-month low of $3.54 and a 12-month high of $9.71. The stock has a market cap of $153.77 million, a price-to-earnings ratio of -1.48 and a beta of 1.45. The company has a quick ratio of 1.33, a current ratio of 2.30 and a debt-to-equity ratio of 1.01.

Stoneridge (NYSE:SRI) last issued its quarterly earnings data on Wednesday, March 11th. The auto parts company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.55). Stoneridge had a negative net margin of 11.94% and a negative return on equity of 13.49%. The company had revenue of $205.15 million for the quarter, compared to the consensus estimate of $211.70 million. On average, sell-side analysts forecast that Stoneridge will post -0.42 earnings per share for the current fiscal year.

Institutional Trading of Stoneridge

A number of hedge funds have recently bought and sold shares of SRI. Strs Ohio bought a new stake in shares of Stoneridge during the 1st quarter valued at about $39,000. Catalyst Funds Management Pty Ltd purchased a new position in shares of Stoneridge in the second quarter worth approximately $70,000. Quadrature Capital Ltd bought a new stake in Stoneridge during the fourth quarter valued at approximately $61,000. NewEdge Advisors LLC purchased a new stake in Stoneridge during the fourth quarter valued at approximately $62,000. Finally, WINTON GROUP Ltd purchased a new stake in Stoneridge during the fourth quarter valued at approximately $69,000. 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.