Strattec Security (NASDAQ:STRT) Stock Passes Above 200 Day Moving Average – Here’s Why

Strattec Security Co. (NASDAQ:STRT)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.78 and traded as high as $44.42. Strattec Security shares last traded at $44.42, with a volume of 31,986 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 7th.

Strattec Security Stock Up 2.5 %

The company has a debt-to-equity ratio of 0.06, a current ratio of 2.60 and a quick ratio of 1.77. The company has a market capitalization of $185.32 million, a PE ratio of 11.11, a P/E/G ratio of 1.37 and a beta of 1.12. The business has a 50-day moving average of $43.16 and a 200 day moving average of $40.78.

Insider Buying and Selling

In other Strattec Security news, COO Rolando Guillot sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.10, for a total transaction of $175,350.00. Following the sale, the chief operating officer now directly owns 36,443 shares of the company’s stock, valued at $1,825,794.30. The trade was a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Strattec Security

Several large investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. increased its stake in Strattec Security by 57.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company’s stock worth $71,000 after acquiring an additional 623 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Strattec Security during the fourth quarter worth approximately $33,000. Gabelli Funds LLC increased its stake in Strattec Security by 3.2% during the fourth quarter. Gabelli Funds LLC now owns 31,900 shares of the auto parts company’s stock worth $1,314,000 after acquiring an additional 1,000 shares during the last quarter. Barclays PLC increased its stake in Strattec Security by 25.5% during the fourth quarter. Barclays PLC now owns 4,957 shares of the auto parts company’s stock worth $204,000 after acquiring an additional 1,007 shares during the last quarter. Finally, West Oak Capital LLC increased its stake in Strattec Security by 5,525.0% during the fourth quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 1,105 shares during the last quarter. 68.91% of the stock is owned by institutional investors.

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.