Stoneridge (NYSE:SRI) Receives “Outperform” Rating from Barrington Research

Stoneridge (NYSE:SRI)‘s stock had its “outperform” rating reissued by equities research analysts at Barrington Research in a note issued to investors on Monday,Benzinga reports. They currently have a $16.00 target price on the auto parts company’s stock. Barrington Research’s price target points to a potential upside of 281.41% from the stock’s current price.

Separately, StockNews.com downgraded shares of Stoneridge from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

Stoneridge Stock Performance

Shares of NYSE SRI opened at $4.20 on Monday. The business’s 50-day simple moving average is $5.38 and its 200-day simple moving average is $8.42. Stoneridge has a 52 week low of $4.11 and a 52 week high of $18.85. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44. The firm has a market cap of $116.15 million, a price-to-earnings ratio of -15.54 and a beta of 1.34.

Institutional Trading of Stoneridge

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. bought a new stake in shares of Stoneridge in the fourth quarter valued at approximately $25,000. US Bancorp DE raised its stake in Stoneridge by 65.2% during the 4th quarter. US Bancorp DE now owns 6,791 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 2,679 shares during the last quarter. Quarry LP bought a new stake in Stoneridge in the 3rd quarter valued at $44,000. Quantinno Capital Management LP bought a new position in shares of Stoneridge during the 4th quarter worth about $63,000. Finally, SG Americas Securities LLC bought a new stake in shares of Stoneridge in the fourth quarter valued at about $74,000. 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.