CTS (NYSE:CTS - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Thursday.
CTS Price Performance
NYSE CTS traded down $1.41 during trading on Thursday, hitting $47.45. 120,242 shares of the company's stock were exchanged, compared to its average volume of 150,059. The company has a current ratio of 3.41, a quick ratio of 2.85 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.46 billion, a PE ratio of 27.91 and a beta of 0.57. CTS has a fifty-two week low of $35.50 and a fifty-two week high of $55.47. The stock's 50 day moving average price is $47.22 and its two-hundred day moving average price is $48.87.
CTS (NYSE:CTS - Get Free Report) last issued its earnings results on Tuesday, July 30th. The electronics maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $130.16 million during the quarter, compared to the consensus estimate of $133.33 million. CTS had a return on equity of 11.98% and a net margin of 10.70%. The business's quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Research analysts expect that CTS will post 2.15 EPS for the current year.
Institutional Trading of CTS
Hedge funds and other institutional investors have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in CTS during the 2nd quarter worth approximately $27,000. GAMMA Investing LLC increased its position in CTS by 132.5% in the 3rd quarter. GAMMA Investing LLC now owns 586 shares of the electronics maker's stock valued at $28,000 after acquiring an additional 334 shares during the period. Canada Pension Plan Investment Board acquired a new position in CTS in the 2nd quarter valued at approximately $41,000. Central Pacific Bank Trust Division acquired a new position in CTS in the 1st quarter valued at approximately $46,000. Finally, Hantz Financial Services Inc. acquired a new position in CTS in the 2nd quarter valued at approximately $157,000. 96.87% of the stock is currently owned by institutional investors.
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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