News coverage about Stoneridge (NYSE:SRI) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Stoneridge earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the auto parts company an impact score of 46.1090832979103 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
SRI has been the topic of a number of recent analyst reports. Zacks Investment Research raised Stoneridge from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, November 9th. KeyCorp reaffirmed a “hold” rating on shares of Stoneridge in a report on Friday, November 17th. B. Riley reaffirmed a “neutral” rating on shares of Stoneridge in a report on Friday, November 3rd. Finally, ValuEngine raised Stoneridge from a “buy” rating to a “strong-buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $24.50.
Stoneridge (NYSE SRI) traded down $0.69 on Friday, reaching $23.80. The company had a trading volume of 193,448 shares, compared to its average volume of 176,285. Stoneridge has a 12 month low of $14.16 and a 12 month high of $26.47. The stock has a market capitalization of $689.91, a price-to-earnings ratio of 9.08 and a beta of 1.30. The company has a current ratio of 2.24, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58.
In other Stoneridge news, VP Thomas A. Beaver sold 49,779 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $21.51, for a total transaction of $1,070,746.29. Following the completion of the transaction, the vice president now owns 76,529 shares in the company, valued at $1,646,138.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.30% of the stock is owned by insiders.
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Stoneridge Company Profile
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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