Cooper-Standard (NYSE:CPS) Stock Price Crosses Above 50 Day Moving Average of $15.40

Cooper-Standard Holdings Inc. (NYSE:CPS) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $15.40 and traded as high as $15.87. Cooper-Standard shares last traded at $15.48, with a volume of 58,295 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Tuesday.

Cooper-Standard Stock Down 1.7 %

The firm has a 50 day simple moving average of $15.40 and a 200-day simple moving average of $16.19. The company has a market cap of $267.65 million, a PE ratio of -1.32 and a beta of 2.88.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings results on Thursday, February 15th. The auto parts company reported ($1.79) earnings per share for the quarter. The business had revenue of $673.64 million during the quarter.

Institutional Investors Weigh In On Cooper-Standard

Several institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC boosted its holdings in Cooper-Standard by 0.4% in the third quarter. Acadian Asset Management LLC now owns 512,699 shares of the auto parts company’s stock worth $6,878,000 after acquiring an additional 2,124 shares in the last quarter. Kovack Advisors Inc. boosted its holdings in Cooper-Standard by 3.8% in the first quarter. Kovack Advisors Inc. now owns 216,495 shares of the auto parts company’s stock worth $3,585,000 after acquiring an additional 7,870 shares in the last quarter. Fiduciary Alliance LLC lifted its holdings in shares of Cooper-Standard by 126.3% during the first quarter. Fiduciary Alliance LLC now owns 213,683 shares of the auto parts company’s stock worth $3,383,000 after purchasing an additional 119,279 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Cooper-Standard by 63.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 137,311 shares of the auto parts company’s stock worth $2,274,000 after purchasing an additional 53,244 shares during the period. Finally, Millrace Asset Group Inc. lifted its holdings in shares of Cooper-Standard by 12.9% during the fourth quarter. Millrace Asset Group Inc. now owns 95,393 shares of the auto parts company’s stock worth $1,864,000 after purchasing an additional 10,866 shares during the period. Institutional investors and hedge funds own 69.11% of the company’s stock.

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.