Strattec Security (NASDAQ:STRT) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Strattec Security Corporation (NASDAQ:STRT)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $67.92 and traded as high as $81.93. Strattec Security shares last traded at $80.17, with a volume of 34,426 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on STRT. Zacks Research raised Strattec Security from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Strattec Security in a report on Monday. Finally, Wall Street Zen upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 1st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Strattec Security presently has an average rating of “Moderate Buy”.

Strattec Security Stock Performance

The company has a market capitalization of $339.60 million, a PE ratio of 14.17, a PEG ratio of 1.53 and a beta of 1.18. The business’s 50-day moving average is $71.99 and its 200-day moving average is $68.01.

Strattec Security (NASDAQ:STRT) last announced its quarterly earnings data on Thursday, October 30th. The auto parts company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.74. The business had revenue of $152.40 million for the quarter, compared to analysts’ expectations of $144.87 million. Strattec Security had a net margin of 4.06% and a return on equity of 10.94%. Analysts expect that Strattec Security Corporation will post 3.67 EPS for the current year.

Insiders Place Their Bets

In other Strattec Security news, VP Richard P. Messina sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $66.35, for a total transaction of $199,050.00. Following the completion of the sale, the vice president directly owned 11,624 shares in the company, valued at approximately $771,252.40. This trade represents a 20.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On Strattec Security

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Triumph Capital Management purchased a new position in shares of Strattec Security during the 3rd quarter worth $133,000. Jacobs Levy Equity Management Inc. bought a new position in Strattec Security in the 3rd quarter worth $4,353,000. NewEdge Advisors LLC lifted its position in Strattec Security by 3.8% during the third quarter. NewEdge Advisors LLC now owns 5,652 shares of the auto parts company’s stock valued at $385,000 after purchasing an additional 207 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in Strattec Security during the third quarter valued at about $1,757,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Strattec Security in the third quarter worth about $383,000. Institutional investors own 68.91% of the company’s stock.

Strattec Security Company Profile

Strattec Security Corporation is a Wisconsin?based designer and manufacturer of mechanical and electronic locking systems for the global automotive market. Established more than five decades ago, the company supplies original equipment manufacturers (OEMs) and the aftermarket with a broad portfolio of lock and key solutions tailored to passenger cars, light trucks and commercial vehicles.

The company’s product range includes mechanical locking systems such as door lock cylinders, ignition lock modules, key blanks and door handles, as well as electromechanical and keyless?entry systems.