Stoneridge Inc. (SRI) Trading Up 3.2%
Stoneridge Inc. (NYSE:SRI) was up 3.2% during mid-day trading on Friday . The company traded as high as $18.02 and last traded at $17.80, with a volume of 121,833 shares changing hands. The stock had previously closed at $17.25.
A number of equities research analysts have issued reports on SRI shares. Zacks Investment Research lowered Stoneridge from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. B. Riley raised Stoneridge from a “neutral” rating to a “buy” rating and set a $17.25 price target on the stock in a research report on Thursday, May 5th. Sidoti lowered Stoneridge from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research report on Tuesday, May 31st. Finally, FBR & Co reaffirmed a “hold” rating and issued a $13.00 price target on shares of Stoneridge in a research report on Thursday, August 4th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $17.60.
The firm has a 50 day moving average of $16.76 and a 200 day moving average of $15.04. The firm has a market cap of $495.87 million and a price-to-earnings ratio of 15.53.
Stoneridge (NYSE:SRI) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.09. The business earned $186.90 million during the quarter, compared to analysts’ expectations of $184.91 million. During the same period in the prior year, the firm earned $0.25 EPS. Stoneridge’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, equities research analysts forecast that Stoneridge Inc. will post $1.37 earnings per share for the current fiscal year.
In other Stoneridge news, VP Richard P. Adante sold 18,979 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $17.64, for a total transaction of $334,789.56. Following the completion of the sale, the vice president now owns 61,532 shares of the company’s stock, valued at $1,085,424.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Stoneridge, Inc is a designer and manufacturer of engineered electrical and electronic components, modules and systems for the automotive, commercial, motorcycle, off-highway and agricultural vehicle markets. The Company operates in three segments: Control Devices, Electronics and PST. The Company’s Control Devices segment designs and manufactures products that monitor, measure, or activate specific functions within a vehicle.
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