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Strattec Security hit by high oil prices and flat revenue

Strattec Security logoStrattec Security
Sig2.60Sen-3.70Env0.00Soc0.00Gov0.00

Strattec Security is grappling with persistent high oil prices and a weakening auto-industry outlook that is weighing on demand for its products. In the latest quarter, revenue was flat year over year, and the company’s strong cash position may not be enough to offset sector headwinds. Investors are urged to stay cautious because results closely track the troubled auto market.

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