Cooper-Standard (NYSE:CPS) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Cooper-Standard Holdings Inc. (NYSE:CPS) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $33.53 and traded as low as $28.00. Cooper-Standard shares last traded at $28.1260, with a volume of 124,693 shares.

Analyst Ratings Changes

CPS has been the subject of several analyst reports. Zacks Research raised shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. Citigroup raised their price target on shares of Cooper-Standard from $35.00 to $43.65 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Stifel Nicolaus raised their price target on shares of Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Weiss Ratings downgraded shares of Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Finally, Wall Street Zen downgraded shares of Cooper-Standard from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Cooper-Standard currently has a consensus rating of “Hold” and a consensus price target of $43.33.

Cooper-Standard Stock Up 12.0%

The stock has a 50-day simple moving average of $33.44 and a two-hundred day simple moving average of $33.09. The firm has a market cap of $544.53 million, a PE ratio of -128.62 and a beta of 2.00.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings results on Friday, February 13th. The auto parts company reported ($1.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.78). The business had revenue of $672.37 million during the quarter, compared to analyst estimates of $641.51 million.

Insiders Place Their Bets

In other news, Director David John Mastrocola purchased 3,391 shares of the stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $29.77 per share, for a total transaction of $100,950.07. Following the completion of the transaction, the director directly owned 25,000 shares of the company’s stock, valued at approximately $744,250. This trade represents a 15.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders bought a total of 6,885 shares of company stock worth $208,144 in the last quarter. Company insiders own 8.80% of the company’s stock.

Hedge Funds Weigh In On Cooper-Standard

Large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new position in Cooper-Standard in the 3rd quarter worth $30,000. New York State Teachers Retirement System purchased a new position in Cooper-Standard in the 3rd quarter worth $57,000. Geneos Wealth Management Inc. raised its position in Cooper-Standard by 60.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 682 shares during the period. Tower Research Capital LLC TRC raised its position in Cooper-Standard by 136.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock worth $53,000 after purchasing an additional 1,432 shares during the period. Finally, Abound Wealth Management purchased a new position in Cooper-Standard in the 3rd quarter worth $116,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Cooper-Standard Company Profile

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.