Stoneridge (SRI) changed 2.83% to recent value of $26.93. The stock transacted 330566 shares during most recent day however it has an average volume of 312.56K shares. It spotted trading -28.55% off 52-week high price. On the other end, the stock has been noted 24.22% away from the low price over the last 52-weeks.
Stoneridge, Inc. (SRI) publicized the appointment of Regan Grant to director of global strategic marketing and communications of Stoneridge, Inc., a newly created position.
In this role, Grant is responsible for developing and executing a global marketing, communications and brand strategy, aligned with the Company’s product portfolio and growth strategy.
“Our company has evolved significantly over the past few years regarding our leadership, our products and our location – with key milestones such as the acquisition of Orlaco, our strategic technology partner in the Netherlands, and full ownership of our PST business in Brazil,” said Jon DeGaynor, president and chief executive officer. “We increasingly recognize the importance of a strong and consistent message to our constituents, and the time is right to elevate our global marketing and brand strategies to the next level. Regan’s strategic thinking, creativity and industry experience will help us accelerate Stoneridge’s brand awareness and drive shareholder value.”
Grant joins Stoneridge from Ernst & Young, where she was most recently the global automotive and transportation marketing leader. There, she developed the marketing and brand strategy for the sector globally, oversaw strategic partnerships, and managed a global team. Grant was a Crain’s Detroit Business 40 Under 40 award winner in 2018 and is an active philanthropist in the Detroit area. She holds a Bachelor of Arts degree in English from the University of Michigan.
Grant is based at the Stoneridge global headquarters in Novi, Michigan, and reports to Bob Krakowiak, executive vice president, treasurer and chief financial officer.
SRI has a gross margin of 30.10% and an operating margin of 7.80% while its profit margin remained 7.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained -54.10% for this year while earning per share for the next 5-years is expected to reach at 0.28%.
The company has 27.7M of outstanding shares and 27.11M shares were floated in the market. According to the most recent quarter its current ratio was 2.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of 6.23% from the mean of 20 days, 4.78% from mean of 50 days SMA and performed -7.23% from mean of 200 days price. Company’s performance for the week was -1.79%, 11.93% for month and YTD performance remained 9.25%.
Cory Savage – Category – Business
Before joining Connecting Investor, Cory Savage worked as a freelance writer. He has more than 10 years’ experience in journalism and public relations. His experience in public relations includes press releases, promotional materials, and working with media outlets. He also has professional experience writing news, technology, and business stories. Cory leared CFA Level 2 from CFA Institute (USA). He has worked in diverse capacities from financial research to currency trading in a span of 3 years. Cory Savage covers Business news section.
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