Cooper-Standard (NYSE:CPS) Stock Price Crosses Below 200-Day Moving Average - Should You Sell?

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.49 and traded as low as $14.21. Cooper-Standard shares last traded at $14.42, with a volume of 304,457 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Cooper-Standard from a "hold" rating to a "buy" rating in a research report on Saturday, February 22nd.

Cooper-Standard Stock Performance

The stock has a market capitalization of $245.18 million, a P/E ratio of -3.12 and a beta of 2.71. The business has a 50 day simple moving average of $14.73 and a 200-day simple moving average of $14.48.

Cooper-Standard (NYSE:CPS - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The auto parts company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.22).

Insider Activity at Cooper-Standard

In other Cooper-Standard news, Director David John Mastrocola purchased 3,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were purchased at an average price of $15.27 per share, with a total value of $45,810.00. Following the acquisition, the director now directly owns 11,115 shares of the company's stock, valued at $169,726.05. This represents a 36.97 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.20% of the stock is owned by corporate insiders.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of Cooper-Standard during the fourth quarter valued at $2,522,000. Millennium Management LLC lifted its holdings in shares of Cooper-Standard by 449.7% during the 4th quarter. Millennium Management LLC now owns 163,806 shares of the auto parts company's stock valued at $2,221,000 after purchasing an additional 134,008 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Cooper-Standard by 109.6% during the 4th quarter. JPMorgan Chase & Co. now owns 161,420 shares of the auto parts company's stock worth $2,189,000 after purchasing an additional 84,412 shares in the last quarter. Millrace Asset Group Inc. bought a new stake in Cooper-Standard during the 3rd quarter worth about $1,096,000. Finally, Jane Street Group LLC lifted its stake in Cooper-Standard by 105.8% in the fourth quarter. Jane Street Group LLC now owns 114,147 shares of the auto parts company's stock valued at $1,548,000 after acquiring an additional 58,691 shares during the last quarter. 69.11% of the stock is owned by institutional investors.

Cooper-Standard Company Profile

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.