In a report released today, Gary Prestopino from Barrington maintained a Hold rating on Stoneridge (SRI – Research Report). The company’s shares closed last Wednesday at $20.31, close to its 52-week low of $19.31.
According to TipRanks.com, Prestopino is a top 100 analyst with an average return of 42.9% and a 56.7% success rate. Prestopino covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Bottomline Technologies, and PowerFleet.
The word on The Street in general, suggests a Hold analyst consensus rating for Stoneridge.
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The company has a one-year high of $38.20 and a one-year low of $19.31. Currently, Stoneridge has an average volume of 109.8K.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SRI in relation to earlier this year.
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Stoneridge, Inc. engages in the production of engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. It operates through the following segments: Control Devices, Electronics, and Stoneridge Brazil. The Control Devices segment designs and manufactures products that monitor, measure, and activate specific functions within a vehicle such as sensors, switches, valves, and actuators. The Electronics segment offers driver information systems, camera-based vision systems, connectivity and compliance products, and electronic control units. The Stoneridge Brazil segment sells vehicle tracking devices and monitoring services, vehicle security alarms and convenience accessories, in-vehicle audio and infotainment devices, and telematics solutions. The company was founded by D. M. Draime in 1965 and is headquartered in Novi, MI.
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