Stoneridge, Inc. (NYSE:SRI) Short Interest Update

Stoneridge, Inc. (NYSE:SRI) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 252,100 shares, a decrease of 24.6% from the November 15th total of 334,500 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 313,000 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of Stoneridge from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Barrington Research reiterated an “outperform” rating and issued a $16.00 price objective on shares of Stoneridge in a report on Thursday, October 31st.

Institutional Investors Weigh In On Stoneridge

Several hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans boosted its stake in Stoneridge by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,035,643 shares of the auto parts company’s stock worth $33,969,000 after purchasing an additional 24,548 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Stoneridge by 12.3% in the third quarter. Royce & Associates LP now owns 1,357,043 shares of the auto parts company’s stock worth $15,185,000 after buying an additional 148,461 shares in the last quarter. State Street Corp grew its holdings in shares of Stoneridge by 1.9% during the third quarter. State Street Corp now owns 628,981 shares of the auto parts company’s stock valued at $7,038,000 after buying an additional 11,929 shares during the last quarter. EVR Research LP increased its position in shares of Stoneridge by 36.3% during the second quarter. EVR Research LP now owns 545,000 shares of the auto parts company’s stock valued at $8,698,000 after acquiring an additional 145,000 shares in the last quarter. Finally, AYAL Capital Advisors Ltd raised its holdings in Stoneridge by 3.4% in the 2nd quarter. AYAL Capital Advisors Ltd now owns 390,393 shares of the auto parts company’s stock worth $6,231,000 after acquiring an additional 12,900 shares during the last quarter. 98.07% of the stock is owned by institutional investors.

Stoneridge Stock Down 1.8 %

Shares of NYSE:SRI traded down $0.12 during trading on Friday, hitting $6.55. The stock had a trading volume of 281,240 shares, compared to its average volume of 180,583. The company has a quick ratio of 1.40, a current ratio of 2.44 and a debt-to-equity ratio of 0.72. Stoneridge has a 12 month low of $5.89 and a 12 month high of $19.91. The company has a market capitalization of $181.37 million, a PE ratio of -24.26 and a beta of 1.34. The firm’s fifty day moving average is $7.81 and its 200 day moving average is $12.14.

Stoneridge (NYSE:SRI) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.32). The firm had revenue of $213.80 million during the quarter, compared to the consensus estimate of $229.60 million. Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. Stoneridge’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. Analysts anticipate that Stoneridge will post -0.42 EPS for the current fiscal year.

About Stoneridge

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.