The Stoneridge (SRI) Receives Daily News Impact Rating of 0.13

The Stoneridge (SRI) Receives Daily News Impact Rating of 0.13

Shares of Stoneridge (SRI) opened at 15.86 on Monday. The company has a market capitalization of $446.35 million, a price-to-earnings ratio of 5.68 and a beta of 1.48. The stock has a 50 day moving average price of $17.61 and a 200 day moving average price of $17.46. Stoneridge has a 1-year low of $13.42 and a 1-year high of $20.82.

News headlines about Stoneridge (NYSE:SRI) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Stoneridge earned a news sentiment score of 0.13 on AlphaOne’s scale. AlphaOne also gave press coverage about the auto parts company an impact score of 44 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Stoneridge (NYSE:SRI) last announced its quarterly earnings results on Thursday, March 2nd. The auto parts company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.04. The company had revenue of $172.60 million for the quarter, compared to analyst estimates of $170.07 million. Stoneridge had a net margin of 5.19% and a return on equity of 29.86%. Stoneridge’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $0.25 EPS. On average, equities analysts anticipate that Stoneridge will post $1.28 EPS for the current fiscal year. Several research analysts have recently weighed in on SRI shares. B. Riley restated a “buy” rating and issued a $22.00 price target on shares of Stoneridge in a research note on Monday, March 6th. Zacks Investment Research lowered Stoneridge from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 10th.

In related news, insider Peter Kruk sold 22,000 shares of Stoneridge stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $16.63, for a total transaction of $365,860.00. Following the sale, the insider now owns 20,047 shares of the company’s stock, valued at approximately $333,381.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael D. Sloan sold 39,457 shares of Stoneridge stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $18.73, for a total transaction of $739,029.61. Following the sale, the vice president now directly owns 40,805 shares in the company, valued at approximately $764,277.65. The disclosure for this sale can be found here. 4.70% of the stock is owned by company insiders. Stoneridge Company Profile

Stoneridge, Inc is a designer and manufacturer of engineered electrical and electronic components, modules and systems for the automotive, commercial, motorcycle, off-highway and agricultural vehicle markets. The Company operates through three segments: Control Devices, Electronics and PST. The Company’s Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle and includes product lines, such as sensors, switches, valves, and actuators.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SRI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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