Strattec Security (NASDAQ:STRT) Posts Quarterly Earnings Results

Strattec Security (NASDAQ:STRT) posted its quarterly earnings results on Thursday. The auto parts company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates 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 Price Performance

Shares of NASDAQ STRT traded up $1.83 during midday trading on Thursday, hitting $38.25. 27,484 shares of the company’s stock were exchanged, compared to its average volume of 15,608. The company has a current ratio of 2.18, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. The business’s fifty day moving average price is $40.35 and its two-hundred day moving average price is $37.69. The company has a market cap of $156.86 million, a price-to-earnings ratio of 9.71, a PEG ratio of 1.36 and a beta of 1.15. Strattec Security has a 12-month low of $21.05 and a 12-month high of $44.26.

Wall Street Analysts Forecast Growth

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

Strattec Security Company Profile

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.