Stoneridge (NYSE:SRI) was downgraded from Buy to Hold at BB&T Capital today. The stock closed yesterday at $5.95 on volume of 364,000 shares, above average daily volume of 75,000.Stoneridge (NYSE:SRI) has potential upside of 86.5% based on a current price of $5.27 and analysts’ consensus price target of $9.83. The stock should find initial resistance at its 50-day moving average (MA) of $6.36 and further resistance at its 200-day MA of $8.15.In the past 52 weeks, Stoneridge share prices have been bracketed by a low of $4.53 and a high of $10.89 and closed yesterday at $5.95, 31% above that low price. The 200-day and 50-day moving averages have moved 0.68% lower and 0.49% lower over the past week, respectively.
