10:27 AM EDT, 07/22/2025 (MT Newswires) -- Stoneridge (SRI) shareholder Ewing Morris & Co. Investment Partners said Tuesday it is urging the company's board to start a review of strategic alternatives, including a sale of the business or its key assets.
"We believe Stoneridge's continued underperformance, coupled with the strategic value of its MirrorEye technology, makes the case for change urgent and compelling," Ewing Morris said in an open letter to other shareholders.
Ewing Morris said a sale to a strategic acquirer could unlock cost synergies of more than $30 million.
Stoneridge didn't immediately respond to a request for comment from MT Newswires.
Price: 7.26, Change: +0.24, Percent Change: +3.42