CTS Co. (NYSE:CTS - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $41.23 and last traded at $41.37, with a volume of 873 shares traded. The stock had previously closed at $41.55.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of CTS from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd.
Get Our Latest Report on CTS
CTS Trading Down 3.5 %
The company has a current ratio of 2.50, a quick ratio of 1.95 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.08 billion, a PE ratio of 18.98 and a beta of 0.57. The stock has a 50 day moving average price of $44.73 and a 200 day moving average price of $49.34.
CTS (NYSE:CTS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.53 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.06). CTS had a net margin of 11.27% and a return on equity of 12.67%. Sell-side analysts predict that CTS Co. will post 2.28 EPS for the current fiscal year.
CTS Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be given a $0.04 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.44%. CTS's dividend payout ratio is currently 8.42%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP boosted its holdings in CTS by 572.4% in the fourth quarter. Quarry LP now owns 659 shares of the electronics maker's stock worth $35,000 after acquiring an additional 561 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in CTS by 608.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 737 shares of the electronics maker's stock worth $39,000 after purchasing an additional 633 shares in the last quarter. Versant Capital Management Inc boosted its stake in CTS by 581.7% in the 1st quarter. Versant Capital Management Inc now owns 1,793 shares of the electronics maker's stock worth $74,000 after purchasing an additional 1,530 shares in the last quarter. KBC Group NV grew its position in CTS by 58.2% during the 4th quarter. KBC Group NV now owns 1,713 shares of the electronics maker's stock valued at $90,000 after purchasing an additional 630 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in CTS during the 4th quarter valued at about $202,000. Institutional investors own 96.87% of the company's stock.
CTS Company Profile
(
Get Free Report)
CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.
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