Strattec Security (NASDAQ:STRT) Stock Passes Above Two Hundred Day Moving Average of $23.78

Strattec Security Co. (NASDAQ:STRT)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.78 and traded as high as $24.70. Strattec Security shares last traded at $23.03, with a volume of 16,727 shares trading hands.

Strattec Security Price Performance

The stock has a market capitalization of $89.13 million, a P/E ratio of 458.29, a price-to-earnings-growth ratio of 1.51 and a beta of 1.10. The company has a fifty day moving average of $24.48 and a two-hundred day moving average of $23.78.

Strattec Security (NASDAQ:STRT) last issued its earnings results on Thursday, February 8th. The auto parts company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.72. Strattec Security had a return on equity of 2.29% and a net margin of 0.04%. The company had revenue of $118.53 million during the quarter, compared to the consensus estimate of $110.15 million. As a group, equities research analysts predict that Strattec Security Co. will post 1.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Strattec Security

A number of hedge funds and other institutional investors have recently bought and sold shares of STRT. Gamco Investors INC. ET AL boosted its position in shares of Strattec Security by 2.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 732,890 shares of the auto parts company’s stock worth $18,571,000 after buying an additional 19,965 shares during the period. Gate City Capital Management LLC acquired a new stake in Strattec Security in the fourth quarter worth approximately $10,270,000. Dimensional Fund Advisors LP lifted its position in Strattec Security by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 275,101 shares of the auto parts company’s stock worth $5,722,000 after purchasing an additional 1,002 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in Strattec Security by 6.0% in the third quarter. Pacific Ridge Capital Partners LLC now owns 209,826 shares of the auto parts company’s stock worth $4,806,000 after purchasing an additional 11,914 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Strattec Security by 2.6% in the second quarter. Renaissance Technologies LLC now owns 83,506 shares of the auto parts company’s stock worth $2,768,000 after purchasing an additional 2,100 shares during the period. 68.91% of the stock is currently owned by institutional investors and hedge funds.

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.