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 trading hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CTS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CTS in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of CTS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 4th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

CTS Price Performance

The company has a market capitalization of $1.20 billion, a P/E ratio of 20.72, a P/E/G ratio of 1.15 and a beta of 0.84. The firm’s fifty day moving average is $40.95 and its 200 day moving average is $40.97. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.04 and a current ratio of 2.64.

CTS (NYSE:CTS) last issued its quarterly 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). The firm had revenue of $142.97 million for the quarter, compared to the consensus estimate of $136.40 million. CTS had a net margin of 11.14% and a return on equity of 11.92%. CTS has set its FY 2025 guidance at 2.200-2.250 EPS. As a group, analysts predict that CTS Corporation will post 2.28 earnings per share for the current fiscal year.

CTS Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in CTS by 81.3% in the 1st quarter. GAMMA Investing LLC now owns 1,273 shares of the electronics maker’s stock worth $53,000 after buying an additional 571 shares during the period. Principal Financial Group Inc. increased its stake in CTS by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 158,729 shares of the electronics maker’s stock worth $6,595,000 after buying an additional 3,711 shares during the period. Nuveen LLC purchased a new position in CTS in the 1st quarter worth about $3,655,000. Pacer Advisors Inc. increased its stake in CTS by 17.3% in the 1st quarter. Pacer Advisors Inc. now owns 2,863 shares of the electronics maker’s stock worth $119,000 after buying an additional 422 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in CTS in the 1st quarter worth about $277,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

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.