CTS (NYSE:CTS) Stock Crosses Above 200-Day Moving Average – Should You Sell?

CTS Corporation (NYSE:CTS)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $40.97 and traded as high as $41.39. CTS shares last traded at $40.82, with a volume of 265,683 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of CTS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CTS in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

CTS Price Performance

The company has a quick ratio of 2.04, a current ratio of 2.64 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.20 billion, a PE ratio of 20.72, a P/E/G ratio of 1.15 and a beta of 0.84. The firm’s fifty day simple moving average is $40.95 and its two-hundred day simple moving average is $40.97.

CTS (NYSE:CTS) last released its earnings results on Tuesday, October 28th. The electronics maker reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). CTS had a return on equity of 11.92% and a net margin of 11.14%.The company had revenue of $142.97 million during the quarter, compared to analysts’ expectations of $136.40 million. CTS has set its FY 2025 guidance at 2.200-2.250 EPS. As a group, research analysts expect that CTS Corporation will post 2.28 EPS for the current year.

CTS Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, September 26th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, September 26th. CTS’s payout ratio is currently 8.12%.

Institutional Trading of CTS

A number of institutional investors and hedge funds have recently bought and sold shares of CTS. Nuveen LLC bought a new stake in CTS in the 1st quarter valued at $3,655,000. SG Americas Securities LLC increased its holdings in CTS by 357.2% in the 3rd quarter. SG Americas Securities LLC now owns 31,571 shares of the electronics maker’s stock valued at $1,261,000 after acquiring an additional 24,666 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in CTS by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 95,549 shares of the electronics maker’s stock valued at $3,970,000 after acquiring an additional 20,468 shares during the last quarter. Strs Ohio bought a new stake in CTS in the 1st quarter valued at $440,000. Finally, Jane Street Group LLC increased its holdings in CTS by 19.0% in the 1st quarter. Jane Street Group LLC now owns 59,694 shares of the electronics maker’s stock valued at $2,480,000 after acquiring an additional 9,530 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

CTS Company Profile

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.