Cooper-Standard (NYSE:CPS) Stock Passes Below Two Hundred Day Moving Average of $8.93

Cooper-Standard Holdings Inc. (NYSE:CPSGet Rating) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.93 and traded as low as $4.78. Cooper-Standard shares last traded at $5.03, with a volume of 249,107 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Cooper-Standard from a “sell” rating to a “hold” rating in a research note on Friday, July 22nd.

Cooper-Standard Price Performance

The stock’s 50 day moving average is $5.08 and its two-hundred day moving average is $8.81. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.51 and a quick ratio of 1.24. The stock has a market capitalization of $145.52 million, a PE ratio of -0.42 and a beta of 2.84.

Cooper-Standard (NYSE:CPSGet Rating) last released its earnings results on Thursday, May 5th. The auto parts company reported ($3.00) earnings per share for the quarter. Cooper-Standard had a negative return on equity of 67.25% and a negative net margin of 15.40%. The firm had revenue of $612.98 million for the quarter.

Hedge Funds Weigh In On Cooper-Standard

Hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV purchased a new position in Cooper-Standard in the first quarter valued at approximately $74,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Cooper-Standard during the first quarter worth approximately $96,000. Advisor Group Holdings Inc. grew its position in shares of Cooper-Standard by 34,816.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 12,570 shares of the auto parts company’s stock worth $282,000 after acquiring an additional 12,534 shares during the last quarter. M&T Bank Corp grew its position in shares of Cooper-Standard by 5.8% during the fourth quarter. M&T Bank Corp now owns 12,641 shares of the auto parts company’s stock worth $283,000 after acquiring an additional 690 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Cooper-Standard by 23.7% during the fourth quarter. American Century Companies Inc. now owns 12,912 shares of the auto parts company’s stock worth $289,000 after acquiring an additional 2,478 shares during the last quarter. 99.63% of the stock is currently owned by hedge funds and other institutional investors.

Cooper-Standard Company Profile

(Get Rating)

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, and fluid transfer systems. The company's sealing systems include obstacle detection sensor systems, dynamic seals, variable extrusion systems, static seals, specialty sealing products, encapsulated glasses, stainless steel trims, FlushSeal systems, and textured surfaces with cloth appearance.

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