Somewhat Positive Press Coverage Somewhat Unlikely to Affect Stoneridge (SRI) Stock Price
Media coverage about Stoneridge (NYSE:SRI) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Stoneridge earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the auto parts company an impact score of 46.2318270417075 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities research analysts have commented on SRI shares. KeyCorp restated a “hold” rating on shares of Stoneridge in a research report on Friday, November 17th. Zacks Investment Research lowered shares of Stoneridge from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine upgraded shares of Stoneridge from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, B. Riley restated a “neutral” rating on shares of Stoneridge in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $24.50.
Stoneridge (SRI) opened at $24.98 on Wednesday. The stock has a market capitalization of $679.49, a price-to-earnings ratio of 9.53 and a beta of 1.45. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.65 and a current ratio of 2.24. Stoneridge has a one year low of $14.16 and a one year high of $25.33.
In other news, VP Thomas A. Beaver sold 49,779 shares of Stoneridge stock in a transaction on Friday, November 10th. The stock was sold at an average price of $21.51, for a total transaction of $1,070,746.29. Following the completion of the transaction, the vice president now owns 76,529 shares of the company’s stock, valued at approximately $1,646,138.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.30% of the company’s stock.
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Stoneridge Company Profile
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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