Strattec Security (NASDAQ:STRT) Announces Earnings Results, Beats Expectations By $0.37 EPS

Strattec Security (NASDAQ:STRT) issued its quarterly earnings data on Thursday. The auto parts company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.37, Zacks reports. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%.

Strattec Security Stock Performance

Shares of NASDAQ STRT traded up $1.83 during midday trading on Thursday, reaching $38.25. The company’s stock had a trading volume of 27,484 shares, compared to its average volume of 15,608. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.18 and a quick ratio of 1.48. The stock has a market capitalization of $156.86 million, a P/E ratio of 9.71, a PEG ratio of 1.36 and a beta of 1.15. The firm has a 50 day moving average price of $40.35 and a 200-day moving average price of $37.69. Strattec Security has a 12-month low of $21.05 and a 12-month high of $44.26.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Strattec Security from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th.

About Strattec Security

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.