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

Strattec Security Co. (NASDAQ:STRT) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $34.48 and traded as high as $42.21. Strattec Security shares last traded at $40.86, with a volume of 15,974 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of 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 quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.06. The firm has a market cap of $163.88 million, a price-to-earnings ratio of 10.14, a PEG ratio of 1.59 and a beta of 1.15. The company has a 50 day moving average of $40.38 and a 200 day moving average of $34.66.

Strattec Security (NASDAQ:STRT) last posted its quarterly earnings data on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.36. Strattec Security had a net margin of 2.93% and a return on equity of 7.12%. The firm had revenue of $139.05 million for the quarter, compared to the consensus estimate of $139.32 million. During the same period in the prior year, the firm posted $1.05 EPS. As a group, equities research analysts expect that Strattec Security Co. will post 2.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Strattec Security

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acuitas Investments LLC acquired a new position in Strattec Security during the 2nd quarter valued at approximately $925,000. Perritt Capital Management Inc grew its position in shares of Strattec Security by 47.0% during the second quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company’s stock worth $253,000 after acquiring an additional 3,229 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Strattec Security by 11.1% in the 2nd quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company’s stock worth $2,128,000 after acquiring an additional 8,500 shares during the period. Marquette Asset Management LLC lifted its position in Strattec Security by 96.4% in the 3rd quarter. Marquette Asset Management LLC now owns 11,332 shares of the auto parts company’s stock valued at $483,000 after purchasing an additional 5,563 shares during the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in Strattec Security during the 3rd quarter valued at about $266,000. 68.91% of the stock is currently owned by institutional investors and hedge funds.

Strattec Security Company Profile

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.