Stoneridge Stock Gaps Up On Today's Open (SRI)

NEW YORK ( TheStreet) -- Shares of Stoneridge (NYSE: SRI) were gapping up Wednesday morning with an open price 21% higher than Tuesday's closing price. The stock closed at $6.90 Tuesday and opened today's trading at $8.35.

The average volume for Stoneridge has been 276,200 shares per day over the past 30 days. Stoneridge has a market cap of $178.8 million and is part of the consumer goods sector and automotive industry. Shares are down 56.3% year to date as of the close of trading on Tuesday.

Stoneridge, Inc., together with its subsidiaries, engages in the design and manufacture of engineered electrical and electronic components, modules, and systems for the medium and heavy-duty truck, automotive, agricultural, and off-highway vehicle markets primarily in North America and Europe. The company has a P/E ratio of 11.8, above the average automotive industry P/E ratio of 11.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Stoneridge as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Stoneridge Ratings Report.

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