Director Kim Korth has sold 7,745 shares of Stoneridge Inc (SRI, Financial) on March 6, 2024, according to a recent SEC Filing. The transaction was executed at a stock price of $16.49 per share, resulting in a total sale amount of $127,755.55.
Stoneridge Inc is a company that specializes in designing and manufacturing engineered electrical and electronic components, modules, and systems primarily for the automotive, commercial, motorcycle, agricultural and off-highway vehicle markets.
Over the past year, the insider has sold a total of 7,745 shares and has not made any purchases of the company's stock. The insider transaction history for Stoneridge Inc shows a pattern of 1 insider buy and 3 insider sells over the past year.
On the valuation front, Stoneridge Inc's shares were trading at $16.49 on the day of the insider's recent sale, giving the company a market capitalization of $461.799 million.
With the stock price at $16.49 and a GuruFocus Value (GF Value) of $23.97, Stoneridge Inc has a price-to-GF-Value ratio of 0.69, indicating that the stock is significantly undervalued according to GuruFocus's valuation model.
The GF Value is determined by considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's historical returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
