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An update from Strattec Security ( (STRT) ) is now available.
STRATTEC Security Corporation announced the sale of its Milwaukee facility to explore upgraded and modernized operations, with plans to reduce manufacturing shifts from three to two, thereby eliminating approximately 20 direct labor roles. These changes are part of a broader strategy to enhance operational efficiency and provide more flexible workweeks, aiming to maintain high-quality product delivery and support a sustainable future for the company.
More about Strattec Security
STRATTEC Security Corporation is a leading global provider of advanced automotive access, security, and authorization solutions. With over 110 years of history, the company serves a range of automotive OEMs with products such as door handles, lift gates, latches, and key fobs, transitioning from mechanical systems to integrated electro-mechanical systems.
YTD Price Performance: 65.19%
Average Trading Volume: 18,991
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $171.7M
Find detailed analytics on STRT stock on TipRanks’ Stock Analysis page.
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