Jonathan Degaynor, President and CEO of Stoneridge, Inc. (SRI) Just Sold Shares; FDG ELECTRIC VEHICLES LTD. ORDINARY SHAR (CAOHF) SI Decreased By 4.78%

May 18, 2018 - By David Stenberg

Stoneridge, Inc. (NYSE:SRI) Logo

FDG ELECTRIC VEHICLES LTD. ORDINARY SHAR (OTCMKTS:CAOHF) had a decrease of 4.78% in short interest. CAOHF’s SI was 6.60M shares in May as released by FINRA. Its down 4.78% from 6.93M shares previously. With 900 avg volume, 7333 days are for FDG ELECTRIC VEHICLES LTD. ORDINARY SHAR (OTCMKTS:CAOHF)’s short sellers to cover CAOHF’s short positions. The SI to FDG ELECTRIC VEHICLES LTD. ORDINARY SHAR’s float is 0.04%. It closed at $0.026 lastly. It is down 0.00% since May 18, 2017 and is . It has underperformed by 11.55% the S&P500.

FDG Electric Vehicles Limited, an investment holding company, engages in the research and development, production, distribution, and sale of lithium-ion batteries and related products in the PeopleÂ’s Republic of China, European countries, the United States, Australia, Hong Kong, and internationally. The company has market cap of $670.76 million. It operates through Vehicle Design and Electric Vehicle Production; Battery Products; Electric Vehicle Leasing; Battery Materials Production; and Direct Investments divisions. It currently has negative earnings. The firm also designs, makes, sells, and leases electric vehicles, such as public buses, mid-size buses, and commercial vehicles; offers vehicle design services; and provides human resources, administrative management, and consultancy services.

Among 9 analysts covering Stoneridge (NYSE:SRI), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Stoneridge has $34 highest and $14 lowest target. $27.25’s average target is -13.74% below currents $31.59 stock price. Stoneridge had 14 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Tuesday, March 20 by Stephens. The stock of Stoneridge, Inc. (NYSE:SRI) has “Hold” rating given on Thursday, October 12 by KeyBanc Capital Markets. BB&T Capital upgraded the stock to “Buy” rating in Monday, September 28 report. C.L. King initiated the shares of SRI in report on Monday, April 23 with “Buy” rating. FBR Capital maintained Stoneridge, Inc. (NYSE:SRI) on Thursday, January 4 with “Hold” rating. The firm earned “Neutral” rating on Tuesday, May 31 by Sidoti. The firm earned “Hold” rating on Thursday, March 1 by FBR Capital. The rating was upgraded by B. Riley & Co to “Buy” on Friday, July 31. The firm has “Buy” rating by B. Riley & Co given on Tuesday, March 6. The rating was maintained by KeyBanc Capital Markets on Friday, November 17 with “Hold”.

Stoneridge, Inc. designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company has market cap of $899.54 million. It operates through three divisions: Control Devices, Electronics, and PST. It has a 20.12 P/E ratio. The Control Devices segment provides sensors, switches, valves, and actuators, as well as other electronic products that monitors, measures, or activates specific functions within a vehicle; and actuator products that enable original equipment manufacturers to deploy power functions in a vehicle, as well as to integrate switching and control functions.

Since May 8, 2018, it had 0 insider purchases, and 1 insider sale for $178,099 activity. Hartman Robert J. Jr. sold $178,099 worth of Stoneridge, Inc. (NYSE:SRI) on Tuesday, May 8.

The Stoneridge Inc’s President and CEO, Jonathan Degaynor, the well informed person unloaded – 30,000 Stoneridge Inc’s shares, based on the average price of stock which is $29.9 for share. These insider sold shares not a long ago had a value of about $897,104 US Dollars. Presently, Jonathan Degaynor has 74,122 shares or 0.26% of Stoneridge Inc’s market capitalization (total value of the shares outstanding).

Analysts await Stoneridge, Inc. (NYSE:SRI) to report earnings on August, 1. They expect $0.55 earnings per share, up 30.95% or $0.13 from last year’s $0.42 per share. SRI’s profit will be $15.66M for 14.36 P/E if the $0.55 EPS becomes a reality. After $0.50 actual earnings per share reported by Stoneridge, Inc. for the previous quarter, Wall Street now forecasts 10.00% EPS growth.

The stock increased 0.03% or $0.01 during the last trading session, reaching $31.59. About 278,724 shares traded. Stoneridge, Inc. (NYSE:SRI) has risen 51.86% since May 18, 2017 and is uptrending. It has outperformed by 40.31% the S&P500.

Stoneridge, Inc. (NYSE:SRI) Institutional Positions Chart

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By1 David Stenberg

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