Robert W. Baird downgraded its rating on shares of Stoneridge Inc. (SRI) Wednesday morning from a "Neutral" to an "Underperform." The stock steadily declined throughout the first 45 minutes of trade and finished down by $1.27 at $12.87 on above average volume.
Stoneridge fell below a one-month range on Wednesday, to close at over a 5-month low. The stock slipped below its 200-day moving average.
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