Somewhat Positive News Coverage Extremely Likely to Affect Stoneridge (SRI) Share Price
Headlines about Stoneridge (NYSE:SRI) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Stoneridge earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media stories about the auto parts company an impact score of 93 out of 100, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the next few days.
Stoneridge (NYSE:SRI) traded up 1.36% on Monday, hitting $15.65. 27,220 shares of the stock were exchanged. The company’s 50 day moving average price is $15.64 and its 200-day moving average price is $17.26. Stoneridge has a one year low of $13.42 and a one year high of $20.82. The company has a market cap of $440.44 million, a P/E ratio of 5.60 and a beta of 1.33.
A number of research analysts have recently commented on SRI shares. ValuEngine cut shares of Stoneridge from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised shares of Stoneridge from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, B. Riley reissued a “buy” rating and set a $22.00 target price on shares of Stoneridge in a research report on Monday, May 8th.
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In other Stoneridge news, insider Peter Kruk sold 22,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $16.63, for a total transaction of $365,860.00. Following the transaction, the insider now owns 20,047 shares in the company, valued at $333,381.61. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.30% of the company’s stock.
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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