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Stoneridge Considers Sale of Control Devices Unit Amid Debt Worries, Stock Rises 3.5%
ByAinvest
Thursday, Jul 10, 2025 1:40 am ET1min read
Stoneridge Inc. is considering the sale of its control devices unit to reduce debt levels impacted by tariff-related pressures. The move has garnered interest from private equity firms, leading to a 3.5% rise in Stoneridge's stock to $8.30. Analysts forecast an average target price of $14.00, implying a 66.67% upside from the current price. The company reported strong Q1 performance, with operating margin improvement across all segments and a 24% increase in MirrorEye revenue.
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