Stoneridge (SRI) Given Coverage Optimism Score of 0.31
Media coverage about Stoneridge (NYSE:SRI) has trended positive this week, according to AlphaOne Sentiment. The research group, a subsidiary of Accern, identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of public 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 0.31 on AlphaOne’s scale. AlphaOne also gave headlines about the auto parts company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Stoneridge (SRI) opened at 14.62 on Friday. The company has a 50 day moving average price of $16.70 and a 200-day moving average price of $17.39. The company has a market capitalization of $411.45 million, a PE ratio of 5.23 and a beta of 1.27. Stoneridge has a 12-month low of $13.42 and a 12-month high of $20.82.
SRI has been the subject of a number of research analyst reports. B. Riley reaffirmed a “buy” rating and issued a $22.00 price target on shares of Stoneridge in a report on Monday, March 6th. Zacks Investment Research cut Stoneridge from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 10th.
WARNING: “Stoneridge (SRI) Given Coverage Optimism Score of 0.31” was first reported by Financial Market News and is owned by of Financial Market News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.financial-market-news.com/2017/06/17/stoneridge-sri-given-coverage-optimism-score-of-0-31.html.
In related news, insider Peter Kruk sold 22,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $16.63, for a total value of $365,860.00. Following the sale, the insider now directly owns 20,047 shares of the company’s stock, valued at $333,381.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.30% of the company’s stock.
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.
Receive News & Ratings for Stoneridge Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stoneridge Inc. and related companies with MarketBeat.com's FREE daily email newsletter.