Headlines about Stoneridge (NYSE:SRI) have been trending somewhat positive on Friday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Stoneridge earned a news impact score of 0.13 on Accern’s scale. Accern also gave news articles about the auto parts company an impact score of 45.5261908970464 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Stoneridge (NYSE SRI) traded down 0.76% during trading on Friday, reaching $22.16. The company’s stock had a trading volume of 45,410 shares. The firm has a market cap of $624.23 million, a P/E ratio of 8.20 and a beta of 1.44. Stoneridge has a one year low of $13.42 and a one year high of $22.81. The stock’s 50 day moving average is $19.98 and its 200 day moving average is $17.31.
Stoneridge (NYSE:SRI) last announced its earnings results on Wednesday, August 2nd. The auto parts company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.10. Stoneridge had a return on equity of 22.52% and a net margin of 10.12%. The firm had revenue of $209.10 million for the quarter, compared to the consensus estimate of $202.45 million. During the same period in the previous year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities analysts forecast that Stoneridge will post $1.46 EPS for the current fiscal year.
SRI has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Stoneridge from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. KeyCorp reiterated a “hold” rating on shares of Stoneridge in a report on Sunday, October 15th. Finally, BidaskClub cut Stoneridge from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.67.
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In other Stoneridge news, VP Michael D. Sloan sold 30,000 shares of Stoneridge stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $16.30, for a total transaction of $489,000.00. Following the completion of the sale, the vice president now owns 34,223 shares of the company’s stock, valued at approximately $557,834.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Jr. Hartman sold 7,358 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $16.51, for a total value of $121,480.58. Following the completion of the transaction, the insider now directly owns 37,281 shares of the company’s stock, valued at approximately $615,509.31. The disclosure for this sale can be found here. Insiders own 5.30% of the company’s stock.
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 through 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 and includes product lines, such as sensors, switches, valves, and actuators.
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