Stock Worth Watching: What’s Strattec Security Corp. Downside After Touching 1 Year Low?

Stock Worth Watching: What's Strattec Security Corp. Downside After Touching 1 Year Low?

The stock of Strattec Security Corp. (NASDAQ:STRT) hit a new 52-week low and has $30.63 target or 12.00% below today’s $34.81 share price. The 7 months bearish chart indicates high risk for the $126.71 million company. The 1-year low was reported on Oct, 3 by If the $30.63 price target is reached, the company will be worth $15.21M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 1.39% or $0.49 during the last trading session, hitting $34.81. About 12,589 shares traded hands or 25.15% up from the average. Strattec Security Corp. (NASDAQ:STRT) has declined 31.38% since February 29, 2016 and is downtrending. It has underperformed by 43.59% the S&P500.

Analysts await Strattec Security Corp. (NASDAQ:STRT) to report earnings on October, 27.

According to Zacks Investment Research, “Strattec Security Corporation designs, develops, manufactures and markets mechanical locks, electro-mechanical locks and related products for automotive manufacturers with operations in the United States, Canada and Mexico. The company also produces precision zinc die castings for the transportation, security and small engine industries. The company’s principal products are locks and keys for cars and trucks.”

Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.35, from 0.65 in 2016Q1. The ratio increased, as 5 funds sold all Strattec Security Corp. shares owned while 20 reduced positions. 4 funds bought stakes while 21 increased positions. They now own 3.54 million shares or 10.76% more from 3.19 million shares in 2016Q1.
Fuller And Thaler Asset Inc, a California-based fund reported 600 shares. Barclays Public Lc owns 15 shares or 0% of their US portfolio. Vanguard Grp, a Pennsylvania-based fund reported 128,599 shares. Nationwide Fund Advsrs has 0% invested in the company for 7,207 shares. Lpl Financial Limited Liability Company has invested 0% of its portfolio in Strattec Security Corp. (NASDAQ:STRT). California State Teachers Retirement Systems holds 0% of its portfolio in Strattec Security Corp. (NASDAQ:STRT) for 7,298 shares. Moreover, Fmr Llc has 0% invested in Strattec Security Corp. (NASDAQ:STRT) for 225,900 shares. California Employees Retirement System has invested 0% of its portfolio in Strattec Security Corp. (NASDAQ:STRT). Boston Partners, a Massachusetts-based fund reported 37,551 shares. Citigroup Inc has invested 0% of its portfolio in Strattec Security Corp. (NASDAQ:STRT). Renaissance Technology Ltd Liability Corp has invested 0.01% of its portfolio in Strattec Security Corp. (NASDAQ:STRT). The Missouri-based Kennedy Capital Mngmt has invested 0.01% in Strattec Security Corp. (NASDAQ:STRT). National Bank & Trust Of New York Mellon Corporation has 0% invested in the company for 15,740 shares. Us Fincl Bank De accumulated 200 shares or 0% of the stock. Legal & General Public Limited Com last reported 642 shares in the company.

Insider Transactions: Since August 22, 2016, the stock had 0 buys, and 2 insider sales for $108,462 net activity. HANSEN PATRICK J had sold 1,500 shares worth $64,800 on Monday, August 22. 1,000 shares were sold by Messina Richard P, worth $43,662 on Monday, August 29.

More recent Strattec Security Corp. (NASDAQ:STRT) news were published by: which released: “BRIEF-Strattec Security Corp Q4 earnings per share $0.16” on August 11, 2016. Also published the news titled: “STRATTEC SECURITY CORPORATION Increases Quarterly Dividend” on August 25, 2016.‘s news article titled: “STRATTEC SECURITY CORPORATION Reports Fiscal 2016 Third Quarter Operating Results” with publication date: April 21, 2016 was also an interesting one.

STRT Company Profile

Strattec Security Corporation, incorporated on September 15, 1994, designs, develops, makes and markets automotive access control products. The Firm offers 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 for North American automotive customers. The Firm supplies its products under the VAST brand name. The Company’s products are shipped to customer locations in the United States, Canada, Mexico, Europe, South America, Korea and China, and it also provides full service and aftermarket support. The Firm provides its clients with engineered access control products, including locksets, fobs, push button ignition systems, steering column lock housings, seatback and secondary power liftgate systems, power decklids, door handles, and trim and other access products. The access control products are designed concurrently with the vehicle.

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