Strattec Security (NASDAQ:STRT) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Strattec Security Co. (NASDAQ:STRT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.78 and traded as high as $61.44. Strattec Security shares last traded at $59.32, with a volume of 52,505 shares trading hands.

Strattec Security Stock Performance

The firm has a market capitalization of $247.25 million, a PE ratio of 14.83, a P/E/G ratio of 1.37 and a beta of 1.39. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.60 and a quick ratio of 1.77. The firm has a fifty day moving average price of $43.70 and a 200 day moving average price of $42.78.

Strattec Security (NASDAQ:STRT) last announced its earnings results on Thursday, May 8th. The auto parts company reported $1.50 EPS for the quarter, beating the consensus estimate of $0.95 by $0.55. Strattec Security had a return on equity of 7.76% and a net margin of 2.92%. The business had revenue of $144.08 million during the quarter, compared to the consensus estimate of $140.84 million. Research analysts anticipate that Strattec Security Co. will post 3.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Strattec Security

Hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its stake in Strattec Security by 85.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,476 shares of the auto parts company’s stock worth $1,915,000 after acquiring an additional 21,376 shares in the last quarter. Jane Street Group LLC purchased a new stake in Strattec Security in the 4th quarter worth about $406,000. Millennium Management LLC lifted its stake in Strattec Security by 143.8% in the 4th quarter. Millennium Management LLC now owns 29,597 shares of the auto parts company’s stock worth $1,219,000 after acquiring an additional 17,459 shares in the last quarter. American Century Companies Inc. purchased a new stake in Strattec Security in the 4th quarter worth about $560,000. Finally, Empowered Funds LLC purchased a new stake in Strattec Security in the 4th quarter worth about $687,000. 68.91% of the stock is owned by hedge funds and other institutional investors.

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.