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STRT - Strattec Could Be A Speculative Buy But A Long-Term Hold
STRATTEC SECURITY CORPORATION
2024-02-12 11:48:05 ET
Summary
Strattec Security experienced a 35% increase in stock price due to anticipation of a new cycle in operations and managerial changes.
The company's gross margins have been cyclical, causing fluctuations in operating income and stock price.
Speculation about a new gross margin expansion cycle and corporate changes is driving interest in the stock, but long-term investors should be cautious.
Strattec Security Corporation ( STRT ) is an American manufacturer of auto parts, particularly keys, locks, and electric control systems....