CTS (NYSE:CTS) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of CTS Corporation (NYSE:CTS) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $45.07 and traded as high as $48.04. CTS shares last traded at $45.9370, with a volume of 263,155 shares traded.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CTS shares. Wall Street Zen raised CTS from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of CTS in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

CTS Trading Down 1.8%

The company has a 50 day simple moving average of $51.01 and a 200 day simple moving average of $45.07. The company has a current ratio of 2.30, a quick ratio of 1.82 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.32 billion, a PE ratio of 20.98, a P/E/G ratio of 1.21 and a beta of 0.88.

CTS (NYSE:CTS) last released its earnings results on Tuesday, February 10th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $137.27 million for the quarter, compared to analyst estimates of $135.86 million. CTS had a return on equity of 12.14% and a net margin of 12.07%.CTS has set its FY 2026 guidance at 2.300-2.450 EPS. Analysts predict that CTS Corporation will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, March 27th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, March 27th. CTS’s dividend payout ratio is presently 7.31%.

Institutional Trading of CTS

A number of institutional investors have recently bought and sold shares of CTS. Royal Bank of Canada increased its position in shares of CTS by 11.2% in the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock valued at $292,000 after buying an additional 710 shares in the last quarter. SG Americas Securities LLC grew its stake in CTS by 90.9% in the 2nd quarter. SG Americas Securities LLC now owns 6,905 shares of the electronics maker’s stock valued at $294,000 after acquiring an additional 3,287 shares during the last quarter. Entropy Technologies LP purchased a new position in CTS during the 3rd quarter valued at about $341,000. Captrust Financial Advisors raised its position in CTS by 12.1% during the second quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock worth $346,000 after acquiring an additional 876 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in CTS by 19.4% in the 1st quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock valued at $398,000 after buying an additional 1,558 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

About CTS

CTS Corporation (NYSE:CTS) is a global manufacturer and supplier of electronic components and sensors, headquartered in Lisle, Illinois. Established in 1896 as the Chicago Telephone Supply Company, the firm has evolved over more than a century to become a diversified provider of high-precision products for a wide range of end markets.

The company’s core business encompasses the design, development and production of sensors and actuators, frequency control devices such as quartz crystals and filters, multilayer ceramic capacitors, and inductive components.