Stoneridge’s (SRI) Sell (D) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d) rating on shares of Stoneridge (NYSE:SRI) in a research report report published on Friday,Weiss Ratings reports.

Separately, Barrington Research reissued an “outperform” rating and set a $16.00 target price on shares of Stoneridge in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Stoneridge currently has an average rating of “Hold” and an average target price of $16.00.

Stoneridge Price Performance

NYSE SRI opened at $7.41 on Friday. The stock’s 50-day moving average price is $7.75 and its two-hundred day moving average price is $6.59. The company has a current ratio of 2.14, a quick ratio of 1.35 and a debt-to-equity ratio of 0.63. The company has a market cap of $207.50 million, a PE ratio of -6.86 and a beta of 1.47. Stoneridge has a 1 year low of $3.54 and a 1 year high of $9.66.

Stoneridge (NYSE:SRI) last announced its earnings results on Wednesday, August 6th. The auto parts company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.16). Stoneridge had a negative return on equity of 9.24% and a negative net margin of 3.39%.The firm had revenue of $227.95 million during the quarter, compared to analyst estimates of $219.90 million. On average, analysts predict that Stoneridge will post -0.42 EPS for the current year.

Institutional Investors Weigh In On Stoneridge

A number of institutional investors have recently modified their holdings of the stock. 22NW LP grew its holdings in shares of Stoneridge by 374.8% during the 1st quarter. 22NW LP now owns 1,627,653 shares of the auto parts company’s stock valued at $7,471,000 after acquiring an additional 1,284,866 shares in the last quarter. Federated Hermes Inc. boosted its position in Stoneridge by 17,284.9% during the first quarter. Federated Hermes Inc. now owns 706,347 shares of the auto parts company’s stock valued at $3,242,000 after purchasing an additional 702,284 shares during the last quarter. AQR Capital Management LLC grew its stake in Stoneridge by 213.7% in the first quarter. AQR Capital Management LLC now owns 533,470 shares of the auto parts company’s stock valued at $2,449,000 after purchasing an additional 363,407 shares in the last quarter. GSA Capital Partners LLP increased its position in Stoneridge by 366.2% in the 1st quarter. GSA Capital Partners LLP now owns 273,563 shares of the auto parts company’s stock worth $1,256,000 after purchasing an additional 214,888 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Stoneridge by 186.7% during the 2nd quarter. Marshall Wace LLP now owns 293,987 shares of the auto parts company’s stock worth $2,070,000 after purchasing an additional 191,444 shares in the last quarter. Institutional investors and hedge funds own 98.07% of the company’s stock.

Stoneridge Company Profile

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.