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SRI

Stoneridge

$26.56 /

-1.505 (-5.36%)

17:50
02/26/20
02/26
17:50
02/26/20
17:50

Stoneridge announces $50M share repurchase program

CFO Krakowiak commented, "Our expectations are for continued strong growth, due in part to increasingly optimistic views related to the penetration rate of OEM MirrorEye programs, as well as significant opportunities for margin expansion. Because of these strong expectations, the Company's Board of Directors has authorized a share repurchase program for up-to $50 million over the next 18 months. This is in addition to the $50 million share repurchase authorization we announced late in 2018. We believe that executing share repurchases is a prudent way to drive value for our shareholders. In addition to the share repurchase program we will continue to evaluate opportunities to put our capital to use through organic or inorganic investments."

  • 27

    Feb

  • 19

    May

SRI Stoneridge
$26.56 /

-1.505 (-5.36%)

04/02/19 Barrington
Barrington keeps Buy rating on Stoneridge after asset sale

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