Strattec Security (NASDAQ:STRT) Stock Passes Above Two Hundred Day Moving Average of $23.78

Strattec Security Co. (NASDAQ:STRT) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.78 and traded as high as $24.70. Strattec Security shares last traded at $23.03, with a volume of 16,727 shares traded.

Strattec Security Stock Down 4.4 %

The firm has a market cap of $89.13 million, a P/E ratio of 458.29, a P/E/G ratio of 1.51 and a beta of 1.10. The company’s 50 day simple moving average is $24.48 and its 200-day simple moving average is $23.78.

Strattec Security (NASDAQ:STRT) last posted its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.26 earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.72. Strattec Security had a net margin of 0.04% and a return on equity of 2.29%. The firm had revenue of $118.53 million during the quarter, compared to the consensus estimate of $110.15 million. Equities research analysts predict that Strattec Security Co. will post 1.52 EPS for the current year.

Hedge Funds Weigh In On Strattec Security

A number of large investors have recently bought and sold shares of STRT. Pacific Ridge Capital Partners LLC grew its holdings in shares of Strattec Security by 6.0% during the third quarter. Pacific Ridge Capital Partners LLC now owns 209,826 shares of the auto parts company’s stock valued at $4,806,000 after buying an additional 11,914 shares during the last quarter. Perritt Capital Management Inc. grew its holdings in shares of Strattec Security by 63.6% during the third quarter. Perritt Capital Management Inc. now owns 6,873 shares of the auto parts company’s stock valued at $157,000 after buying an additional 2,673 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Strattec Security by 1.6% during the third quarter. Gamco Investors INC. ET AL now owns 712,925 shares of the auto parts company’s stock valued at $16,329,000 after buying an additional 11,233 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Strattec Security by 1.9% during the first quarter. Geode Capital Management LLC now owns 33,941 shares of the auto parts company’s stock valued at $772,000 after buying an additional 633 shares during the last quarter. Finally, Gabelli Funds LLC grew its holdings in shares of Strattec Security by 4.9% during the first quarter. Gabelli Funds LLC now owns 30,100 shares of the auto parts company’s stock valued at $685,000 after buying an additional 1,400 shares during the last quarter. Institutional investors own 68.91% of the company’s stock.

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.