Cooper-Standard (NYSE:CPS) Share Price Passes 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 Wednesday . The stock has a 200-day moving average of $14.48 and traded as low as $10.38. Cooper-Standard shares last traded at $12.96, with a volume of 823,127 shares traded.

Wall Street Analyst Weigh In

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

Cooper-Standard Price Performance

The stock has a market cap of $213.94 million, a P/E ratio of -2.72 and a beta of 2.55. The stock's 50-day moving average is $14.42 and its two-hundred day moving average is $14.45.

Cooper-Standard (NYSE:CPS - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The auto parts company reported ($0.16) EPS for the quarter, missing the consensus estimate 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 firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average price of $15.27 per share, with a total value of $45,810.00. Following the completion of the purchase, the director now directly owns 11,115 shares in the company, valued at $169,726.05. This trade represents a 36.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.20% of the stock is owned by corporate insiders.

Institutional Trading of Cooper-Standard

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in Cooper-Standard by 75.5% in the third quarter. JPMorgan Chase & Co. now owns 77,008 shares of the auto parts company's stock worth $1,068,000 after acquiring an additional 33,135 shares in the last quarter. Barclays PLC boosted its holdings in shares of Cooper-Standard by 110.6% in the 3rd quarter. Barclays PLC now owns 31,013 shares of the auto parts company's stock worth $430,000 after purchasing an additional 16,284 shares during the period. Raymond James Financial Inc. bought a new position in shares of Cooper-Standard during the 4th quarter valued at approximately $2,522,000. Pacific Ridge Capital Partners LLC raised its holdings in Cooper-Standard by 11.0% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 339,768 shares of the auto parts company's stock valued at $4,607,000 after buying an additional 33,631 shares during the period. Finally, Stifel Financial Corp raised its holdings in Cooper-Standard by 6.5% during the 3rd quarter. Stifel Financial Corp now owns 52,909 shares of the auto parts company's stock valued at $734,000 after buying an additional 3,206 shares during the period. 69.11% of the stock is currently owned by institutional investors.

About Cooper-Standard

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.