Strattec Security (NASDAQ:STRT) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Strattec Security Co. (NASDAQ:STRT)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $40.78 and traded as high as $44.42. Strattec Security shares last traded at $44.42, with a volume of 31,986 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Strattec Security from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 7th.

Strattec Security Trading Down 0.2 %

The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $181.90 million, a P/E ratio of 10.90, a P/E/G ratio of 1.37 and a beta of 1.12. The business has a 50-day moving average price of $43.26 and a two-hundred day moving average price of $40.84.

Insider Buying and Selling at Strattec Security

In other Strattec Security news, COO Rolando Guillot sold 3,500 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.10, for a total transaction of $175,350.00. Following the completion of the sale, the chief operating officer now directly owns 36,443 shares in the company, valued at $1,825,794.30. This represents a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Strattec Security

A number of institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new position in Strattec Security in the fourth quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Strattec Security during the 3rd quarter worth approximately $47,000. West Oak Capital LLC lifted its stake in Strattec Security by 5,525.0% in the 4th quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 1,105 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Strattec Security in the third quarter valued at approximately $69,000. Finally, Bank of America Corp DE grew its stake in shares of Strattec Security by 137.9% during the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock worth $91,000 after buying an additional 1,280 shares during the last quarter. Institutional investors and hedge funds own 68.91% of the company’s stock.

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.