Strattec Security (NASDAQ:STRT) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Strattec Security Co. (NASDAQ:STRT) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.40 and traded as high as $39.22. Strattec Security shares last traded at $38.29, with a volume of 37,387 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Strattec Security from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 2nd.

Strattec Security Stock Performance

The firm has a market cap of $156.99 million, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13. The company has a quick ratio of 1.46, a current ratio of 2.15 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average price of $37.82 and a 200-day moving average price of $29.40.

Strattec Security (NASDAQ:STRT) last released its earnings results on Thursday, August 8th. The auto parts company reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $2.01. The business had revenue of $143.06 million for the quarter, compared to analyst estimates of $141.51 million. Strattec Security had a return on equity of 7.43% and a net margin of 3.03%. On average, analysts expect that Strattec Security Co. will post 1.98 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Richard P. Messina sold 1,270 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $38.78, for a total value of $49,250.60. Following the transaction, the vice president now owns 11,930 shares of the company’s stock, valued at approximately $462,645.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 2,070 shares of company stock valued at $74,033. Company insiders own 6.40% of the company’s stock.

Institutional Trading of Strattec Security

A number of institutional investors have recently modified their holdings of the business. Gabelli Funds LLC boosted its stake in shares of Strattec Security by 9.2% in the first quarter. Gabelli Funds LLC now owns 36,800 shares of the auto parts company’s stock valued at $873,000 after buying an additional 3,100 shares in the last quarter. Perritt Capital Management Inc boosted its stake in shares of Strattec Security by 47.0% in the second quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company’s stock valued at $253,000 after buying an additional 3,229 shares in the last quarter. Marquette Asset Management LLC boosted its stake in shares of Strattec Security by 96.4% in the third quarter. Marquette Asset Management LLC now owns 11,332 shares of the auto parts company’s stock valued at $483,000 after buying an additional 5,563 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Strattec Security in the third quarter valued at approximately $266,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Strattec Security by 11.1% in the second quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company’s stock valued at $2,128,000 after buying an additional 8,500 shares in the last quarter. 68.91% of the stock is currently owned by hedge funds and other institutional investors.

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.