Strattec Security Corporation (NASDAQ:STRT) Posts Quarterly Earnings Results, Misses Estimates By $0.12 EPS
Strattec Security Corporation (NASDAQ:STRT) announced its quarterly earnings data on Thursday. The auto parts company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.12, Bloomberg Earnings reports. Strattec Security Corporation had a net margin of 1.44% and a return on equity of 3.80%.
Strattec Security Corporation (STRT) traded down 8.13% during midday trading on Thursday, reaching $31.65. The company had a trading volume of 18,924 shares. The firm’s 50-day moving average price is $35.84 and its 200 day moving average price is $31.97. Strattec Security Corporation has a 12 month low of $23.00 and a 12 month high of $48.86. The firm has a market capitalization of $113.72 million, a PE ratio of 19.26 and a beta of 1.51.
In other Strattec Security Corporation news, VP Patrick J. Hansen sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $35.01, for a total transaction of $87,525.00. Following the completion of the sale, the vice president now owns 11,561 shares in the company, valued at approximately $404,750.61. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.80% of the stock is owned by company insiders.
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About Strattec Security Corporation
Strattec Security Corporation designs, develops, manufactures and markets automotive access control products. The Company offers access control products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products for North American automotive customers.
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