News Spotlight: STRATTEC SECURITY CORPORATION (NASDAQ:STRT)
STRATTEC SECURITY CORPORATION (NASDAQ:STRT) spotted trading -43.42% off 52-week high price. On the other end, the stock has been noted 7.56% away from the low price over the last 52-weeks. The stock changed -1.37% to recent value of $21.5. The stock transacted 2016 shares during most recent day however it has an average volume of 5.61K shares. The company has 3.61M of outstanding shares and 3.6M shares were floated in the market.
On Aug.21, 2019, STRATTEC SECURITY CORPORATION (NASDAQ:STRT) reported that the Company’s Board of Directors, at its meeting held August 21, 2019, declared a cash dividend for the Company’s 2020 fiscal first quarter of $0.14 per common share. The dividend is payable on September 27, 2019 to shareholders of record as of September 13, 2019.
STRATTEC designs, develops, manufactures and markets automotive Access Control Products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products. These products are provided to customers in North America, and on a global basis through a unique strategic relationship with WITTE Automotive of Velbert, Germany and ADAC Automotive of Grand Rapids, Michigan. Under this relationship, STRATTEC, WITTE and ADAC market our products to global customers under the VAST brand name. STRATTEC’s history in the automotive business spans over 110 years.
Certain statements contained in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words or phrases such as anticipate, believe, could, expect, intend, may, planned, potential, should, will, and would. Such forward-looking statements in this release are inherently subject to many uncertainties in the Company’s operations and business environment. These uncertainties include general economic conditions, in particular, relating to the automotive industry, consumer demand for the Company’s and its customers’ products, competitive and technological developments, customer purchasing actions, changes in warranty provisions and customers’ product recall policies, foreign currency fluctuations, uncertainties stemming from U.S. trade policies, tariffs and reaction to same from foreign countries and costs of operations (including fluctuations in the cost of raw materials). Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances occurring after the date of this release. In addition, such uncertainties and other operational matters are discussed further in the Company’s quarterly and annual filings with the Securities and Exchange Commission.
Its earnings per share (EPS) expected to touch remained 27.90% for this year while earning per share for the next 5-years is expected to reach at 15.00%. STRT has a gross margin of 11.90% and an operating margin of 2.90% while its profit margin remained -2.50% for the last 12 months.
According to the most recent quarter its current ratio was 2 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.02% from the mean of 20 days, -5.43% from mean of 50 days SMA and performed -24.78% from mean of 200 days price. Company’s performance for the week was -0.36%, 1.51% for month and YTD performance remained -25.35%.
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