The VP – Global Sales of Stoneridge (NYSE: SRI) is Selling Shares

By Carrie Williams

Yesterday, the VP – Global Sales of Stoneridge (NYSE: SRI), Thomas A. Beaver, sold shares of SRI for $1.07M.

Based on Stoneridge’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $202 million and quarterly net profit of $8.05 million. In comparison, last year the company earned revenue of $174 million and had a net profit of $10.28 million. The company has a one-year high of $22.99 and a one-year low of $14.16. SRI’s market cap is $613M and the company has a P/E ratio of 8.30.

The insider sentiment on Stoneridge has been negative according to 19 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Stoneridge, Inc. engages in the design and manufacture of engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets. It operates through the following segments: Control Devices, Electronics and PST.