Strattec Security (NASDAQ:STRT) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Strattec Security (NASDAQ:STRTFree Report) from a buy rating to a strong-buy rating in a research report sent to investors on Monday morning.

Strattec Security Trading Up 1.2 %

Shares of STRT opened at $24.04 on Monday. The firm has a market cap of $97.84 million, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 1.56 and a beta of 1.10. Strattec Security has a fifty-two week low of $16.06 and a fifty-two week high of $30.34. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.51 and a current ratio of 2.24. The business has a 50-day moving average of $23.28 and a 200 day moving average of $23.74.

Institutional Trading of Strattec Security

A number of institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. bought a new stake in Strattec Security during the 4th quarter valued at $96,000. Perritt Capital Management Inc. raised its stake in shares of Strattec Security by 63.6% during the 3rd quarter. Perritt Capital Management Inc. now owns 6,873 shares of the auto parts company’s stock valued at $157,000 after purchasing an additional 2,673 shares during the period. Central Pacific Bank Trust Division bought a new position in Strattec Security in the 1st quarter worth about $325,000. Pacific Ridge Capital Partners LLC boosted its stake in Strattec Security by 6.0% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 209,826 shares of the auto parts company’s stock worth $4,806,000 after purchasing an additional 11,914 shares during the period. Finally, Gate City Capital Management LLC purchased a new position in Strattec Security during the 4th quarter valued at about $10,270,000. 68.91% of the stock is currently owned by hedge funds and other institutional investors.

Strattec Security Company Profile

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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.

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