The stock of Strattec Security Corp. (NASDAQ:STRT) hit a new 52-week low and has $28.29 target or 12.00% below today’s $32.15 share price. The 7 months bearish chart indicates high risk for the $118.03 million company. The 1-year low was reported on Nov, 10 by Barchart.com. If the $28.29 price target is reached, the company will be worth $14.16 million 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 0.77% or $0.25 during the last trading session, hitting $32.15. About 24,370 shares traded hands or 42.87% up from the average. Strattec Security Corp. (NASDAQ:STRT) has declined 42.86% since April 8, 2016 and is downtrending. It has underperformed by 48.51% the S&P500.
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 improved, 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.
Bank & Trust Of Montreal Can last reported 0% of its portfolio in the stock. Deutsche National Bank & Trust Ag last reported 0% of its portfolio in the stock. Kennedy Mgmt owns 11,115 shares or 0.01% of their US portfolio. Boston Prtn holds 0% or 37,551 shares in its portfolio. Geode Mngmt Llc reported 23,702 shares or 0% of all its holdings. Lpl Financial Limited Company holds 0% or 7,017 shares in its portfolio. Legal And General Gru Public Ltd, a United Kingdom-based fund reported 642 shares. Moreover, Pnc Finance Serv Gp has 0% invested in Strattec Security Corp. (NASDAQ:STRT) for 4,597 shares. Moreover, Blackrock Advsr has 0% invested in Strattec Security Corp. (NASDAQ:STRT) for 1,911 shares. Blackrock Fund Advisors has 0% invested in the company for 90,791 shares. Dimensional Fund Advisors Ltd Partnership accumulated 264,057 shares or 0.01% of the stock. Denali Advsr Ltd Llc last reported 0% of its portfolio in the stock. Lsv Asset Mgmt has invested 0% of its portfolio in Strattec Security Corp. (NASDAQ:STRT). Tower Rech Ltd Llc (Trc) last reported 0.01% of its portfolio in the stock. Northern Trust has 0% invested in the company for 42,458 shares.
Insider Transactions: Since August 22, 2016, the stock had 0 buys, and 2 selling transactions for $108,462 net activity. $64,800 worth of Strattec Security Corp. (NASDAQ:STRT) was sold by HANSEN PATRICK J. Messina Richard P sold $43,662 worth of stock or 1,000 shares.
More important recent Strattec Security Corp. (NASDAQ:STRT) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on October 18, 2010, also Globenewswire.com published article titled: “STRATTEC SECURITY CORPORATION Declares Quarterly Dividend”, Globenewswire.com published: “STRATTEC SECURITY CORPORATION Reports Fiscal 2017 First Quarter Operating Results” on October 27, 2016. More interesting news about Strattec Security Corp. (NASDAQ:STRT) was released by: Jsonline.com and their article: “Strattec Security Corp. reports lower quarterly sales and profits” with publication date: October 22, 2015.
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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