Dorman Products (NASDAQ:DORM) Stock Price Passes Above 200-Day Moving Average of $78.66

Dorman Products, Inc. (NASDAQ:DORMGet Free Report)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $78.66 and traded as high as $84.19. Dorman Products shares last traded at $83.46, with a volume of 139,285 shares.

Dorman Products Stock Performance

The firm has a market cap of $2.63 billion, a P/E ratio of 27.19 and a beta of 0.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.07 and a current ratio of 2.24. The company’s 50 day moving average is $81.46 and its 200 day moving average is $78.66.

Hedge Funds Weigh In On Dorman Products

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its stake in Dorman Products by 3.7% in the 4th quarter. Franklin Resources Inc. now owns 6,801 shares of the auto parts company’s stock valued at $567,000 after purchasing an additional 243 shares during the last quarter. Quest Partners LLC bought a new position in Dorman Products in the 4th quarter valued at approximately $37,000. Trexquant Investment LP bought a new position in Dorman Products in the 4th quarter valued at approximately $1,640,000. Corient Private Wealth LLC lifted its stake in Dorman Products by 3.2% in the 4th quarter. Corient Private Wealth LLC now owns 5,823 shares of the auto parts company’s stock valued at $486,000 after purchasing an additional 181 shares during the last quarter. Finally, UBS Group AG lifted its stake in Dorman Products by 8.9% in the 4th quarter. UBS Group AG now owns 30,832 shares of the auto parts company’s stock valued at $2,572,000 after purchasing an additional 2,524 shares during the last quarter. Institutional investors own 76.23% of the company’s stock.

Dorman Products Company Profile

(Get Free Report)

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, and medium- and heavy-duty trucks in the automotive aftermarket industry worldwide. It offers powertrain product, including intake and exhaust manifolds, cooling products, harmonic balancers, fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, and other engine, and transmission and axle components; chassis products comprising control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, leaf springs, and other suspension, steering, and brake components; motor vehicle body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; and hardware products comprising threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.

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