Stoneridge, Inc. (NYSE:SRI) was the target of a significant drop in short interest during the month of November. As of November 29th, there was short interest totalling 963,400 shares, a drop of 9.1% from the November 14th total of 1,060,000 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average trading volume of 187,000 shares, the short-interest ratio is presently 5.2 days.
Shares of NYSE:SRI traded down $0.93 during trading on Friday, reaching $31.07. 173,283 shares of the stock were exchanged, compared to its average volume of 159,039. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.42 and a current ratio of 2.06. Stoneridge has a 12-month low of $21.91 and a 12-month high of $34.46. The firm has a market cap of $876.20 million, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. The firm’s 50-day moving average price is $30.67 and its 200 day moving average price is $30.76.
Stoneridge (NYSE:SRI) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.37 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. Stoneridge had a return on equity of 16.59% and a net margin of 7.97%. The business had revenue of $203.39 million for the quarter, compared to analyst estimates of $203.21 million. During the same period in the prior year, the company posted $0.47 EPS. The business’s revenue was down 2.6% compared to the same quarter last year. As a group, equities research analysts forecast that Stoneridge will post 1.52 EPS for the current year.
A number of equities analysts recently weighed in on SRI shares. ValuEngine lowered shares of Stoneridge from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. B. Riley set a $33.00 target price on shares of Stoneridge and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research cut Stoneridge from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $33.80.
Stoneridge, Inc designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. The company operates in three segments: Control Devices, Electronics, and PST. The Control Devices segment offers sensors, switches, valves, and actuators that monitor, measure, or activate specific functions within a vehicle.
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