Strattec Security (NASDAQ:STRT) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Strattec Security Co. (NASDAQ:STRT) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $35.18 and traded as high as $42.14. Strattec Security shares last traded at $41.20, with a volume of 13,637 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Strattec Security from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

Strattec Security Stock Down 0.3 %

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 2.18. The business has a 50 day simple moving average of $40.78 and a 200-day simple moving average of $35.22. The firm has a market capitalization of $168.47 million, a price-to-earnings ratio of 10.43, a P/E/G ratio of 1.59 and a beta of 1.15.

Strattec Security (NASDAQ:STRT) last released its quarterly earnings data on Monday, November 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.36. The firm had revenue of $139.05 million during the quarter, compared to analysts’ expectations of $139.32 million. Strattec Security had a net margin of 2.93% and a return on equity of 7.12%. During the same period last year, the business earned $1.05 earnings per share. On average, equities analysts expect that Strattec Security Co. will post 2.76 EPS for the current year.

Institutional Trading of Strattec Security

Institutional investors and hedge funds have recently bought and sold shares of the stock. Factorial Partners LLC acquired a new stake in shares of Strattec Security during the third quarter valued at about $1,346,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Strattec Security during the 3rd quarter worth approximately $1,071,000. Marquette Asset Management LLC increased its holdings in Strattec Security by 96.4% in the 3rd quarter. Marquette Asset Management LLC now owns 11,332 shares of the auto parts company’s stock valued at $483,000 after purchasing an additional 5,563 shares during the last quarter. Renaissance Technologies LLC raised its position in 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 purchasing an additional 8,500 shares during the period. Finally, Acuitas Investments LLC acquired a new position in Strattec Security during the second quarter worth $925,000. 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.