Stoneridge Inc. (SRI) Plunges 5.78% on October 10

Stoneridge Inc. (SRI) Plunges 5.78% on October 10

Stoneridge Inc. (SRI) had a rough trading day for Wednesday October 10 as shares tumbled 5.78%, or a loss of $-1.53 per share, to close at $24.93. After opening the day at $26.43, shares of Stoneridge Inc. traded as high as $26.43 and as low as $24.83. Volume was 345,381 shares over 3,179 trades, against an average daily volume of 279,496 shares and a total float of 28.48 million.

As a result of the decline, Stoneridge Inc. now has a market cap of $710.07 million.

The stock has a P/E Ratio of 13.9.

In the last year, shares of Stoneridge Inc. have traded between a range of $37.69 and $20.63, and its 50-day SMA is currently $30.09 and 200-day SMA is $28.67.

Stoneridge Inc acts as a manufacturer of electrical and electronic components used in automotive vehicles. It produces instrumentation systems, vehicle management electronics, application-specific switches and actuators, security alarms and others.

Stoneridge Inc. is based out of Novi, MI and has some 4,500 employees. Its CEO is Jonathan B. DeGaynor.

Stoneridge Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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