Cooper-Standard (NYSE:CPS) Stock Crosses Below Two Hundred Day Moving Average of $14.24

Cooper-Standard Holdings Inc. (NYSE:CPS)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.24 and traded as low as $12.80. Cooper-Standard shares last traded at $13.35, with a volume of 99,045 shares.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th.

Cooper-Standard Price Performance

The firm has a market cap of $231.14 million, a P/E ratio of -2.25 and a beta of 2.73. The company’s 50-day moving average is $14.04 and its two-hundred day moving average is $14.24.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings results on Thursday, August 1st. The auto parts company reported ($0.64) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.09) by $1.45. The firm had revenue of $708.36 million for the quarter.

Institutional Investors Weigh In On Cooper-Standard

A number of large investors have recently modified their holdings of the business. Meridian Wealth Management LLC bought a new stake in shares of Cooper-Standard during the 4th quarter worth $195,000. Janney Montgomery Scott LLC acquired a new stake in shares of Cooper-Standard in the 1st quarter valued at approximately $232,000. BNP Paribas Financial Markets grew its holdings in shares of Cooper-Standard by 19.6% during the 1st quarter. BNP Paribas Financial Markets now owns 18,363 shares of the auto parts company’s stock valued at $304,000 after purchasing an additional 3,004 shares during the last quarter. Sunbelt Securities Inc. increased its position in Cooper-Standard by 145.9% during the 1st quarter. Sunbelt Securities Inc. now owns 19,300 shares of the auto parts company’s stock worth $320,000 after purchasing an additional 11,450 shares in the last quarter. Finally, Panagora Asset Management Inc. bought a new position in Cooper-Standard in the 4th quarter valued at approximately $465,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

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.