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Cooper-Standard (NYSE:CPS) Stock Passes Below 200 Day Moving Average - What's Next?

Cooper-Standard logo with Auto/Tires/Trucks background

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.33 and traded as low as $14.22. Cooper-Standard shares last traded at $14.90, with a volume of 169,218 shares.

Analyst Ratings Changes

Separately, StockNews.com raised Cooper-Standard from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th.

Read Our Latest Analysis on Cooper-Standard

Cooper-Standard Trading Down 0.3 %

The firm has a market capitalization of $250.77 million, a P/E ratio of -1.46 and a beta of 2.78. The business has a 50 day moving average of $14.72 and a 200-day moving average of $14.34.

Hedge Funds Weigh In On Cooper-Standard

A number of large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in Cooper-Standard by 18.3% during the second quarter. AQR Capital Management LLC now owns 119,598 shares of the auto parts company's stock worth $1,488,000 after purchasing an additional 18,478 shares during the last quarter. Fiduciary Alliance LLC raised its holdings in Cooper-Standard by 21.5% during the third quarter. Fiduciary Alliance LLC now owns 314,690 shares of the auto parts company's stock worth $4,365,000 after acquiring an additional 55,605 shares in the last quarter. Arkadios Wealth Advisors boosted its position in Cooper-Standard by 7.7% during the third quarter. Arkadios Wealth Advisors now owns 44,525 shares of the auto parts company's stock valued at $618,000 after purchasing an additional 3,197 shares during the last quarter. US Bancorp DE bought a new position in Cooper-Standard in the third quarter valued at approximately $33,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of Cooper-Standard during the 3rd quarter worth approximately $574,000. Institutional investors own 69.11% of the company's stock.

About Cooper-Standard

(Get Free Report)

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.

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