Strattec Security (NASDAQ:STRT) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Strattec Security Co. (NASDAQ:STRT) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.18 and traded as high as $42.14. Strattec Security shares last traded at $41.20, with a volume of 13,637 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Strattec Security from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

Strattec Security Stock Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 2.18. The company has a market cap of $168.96 million, a price-to-earnings ratio of 10.46, a PEG ratio of 1.59 and a beta of 1.15. The firm’s 50-day moving average price is $40.75 and its 200 day moving average price is $35.18.

Strattec Security (NASDAQ:STRT) last released its earnings results on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.36. The firm had revenue of $139.05 million during the quarter, compared to analyst estimates of $139.32 million. Strattec Security had a net margin of 2.93% and a return on equity of 7.12%. During the same quarter in the previous year, the business earned $1.05 EPS. On average, sell-side analysts anticipate that Strattec Security Co. will post 2.76 EPS for the current year.

Institutional Investors Weigh In On Strattec Security

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its position in shares of Strattec Security by 11.1% during the 2nd quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company’s stock worth $2,128,000 after buying an additional 8,500 shares during the period. De Lisle Partners LLP boosted its stake in Strattec Security by 11.2% during the 3rd quarter. De Lisle Partners LLP now owns 43,094 shares of the auto parts company’s stock worth $1,830,000 after acquiring an additional 4,355 shares during the last quarter. Geode Capital Management LLC boosted its stake in Strattec Security by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 41,618 shares of the auto parts company’s stock worth $1,776,000 after acquiring an additional 2,314 shares during the last quarter. Acuitas Investments LLC acquired a new position in Strattec Security during the second quarter valued at approximately $925,000. Finally, Factorial Partners LLC bought a new stake in Strattec Security in the third quarter valued at approximately $1,346,000. 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.