Cooper-Standard (NYSE:CPS) Lifted to Buy at StockNews.com

Cooper-Standard (NYSE:CPS) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

Cooper-Standard Stock Down 6.9 %

Shares of CPS traded down $1.20 during midday trading on Monday, hitting $16.07. The company’s stock had a trading volume of 119,957 shares, compared to its average volume of 164,466. Cooper-Standard has a one year low of $9.86 and a one year high of $22.74. The stock has a market capitalization of $277.85 million, a price-to-earnings ratio of -1.37 and a beta of 2.88. The company’s fifty day simple moving average is $15.62 and its two-hundred day simple moving average is $16.11.

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

Institutional Trading of Cooper-Standard

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada bought a new stake in Cooper-Standard during the 2nd quarter worth approximately $44,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Cooper-Standard in the 3rd quarter valued at about $56,000. Quantbot Technologies LP bought a new position in shares of Cooper-Standard during the second quarter worth about $57,000. Sunbelt Securities Inc. bought a new stake in Cooper-Standard in the second quarter valued at approximately $66,000. Finally, Barclays PLC increased its position in Cooper-Standard by 202.5% during the 2nd quarter. Barclays PLC now owns 5,269 shares of the auto parts company’s stock valued at $75,000 after purchasing an additional 3,527 shares during the period. 69.11% of the stock is owned by institutional investors and hedge funds.

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.