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

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $22.18 and traded as high as $24.05. Cooper-Standard shares last traded at $23.40, with a volume of 192,777 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Cooper-Standard in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 target price on the stock. Wall Street Zen downgraded shares of Cooper-Standard from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 29th.

Cooper-Standard Stock Performance

The stock's 50-day simple moving average is $22.18 and its 200 day simple moving average is $17.08. The company has a market capitalization of $410.67 million, a PE ratio of -8.86 and a beta of 2.79.

Cooper-Standard (NYSE:CPS - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The auto parts company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of ($0.93) by $1.12. The firm had revenue of $667.07 million during the quarter, compared to analysts' expectations of $670.00 million.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Fiduciary Alliance LLC raised its stake in Cooper-Standard by 22.3% during the 1st quarter. Fiduciary Alliance LLC now owns 420,636 shares of the auto parts company's stock worth $6,444,000 after acquiring an additional 76,744 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in Cooper-Standard by 11.0% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 339,768 shares of the auto parts company's stock worth $4,607,000 after acquiring an additional 33,631 shares in the last quarter. Renaissance Technologies LLC raised its stake in Cooper-Standard by 19.5% during the 4th quarter. Renaissance Technologies LLC now owns 338,000 shares of the auto parts company's stock worth $4,583,000 after acquiring an additional 55,100 shares in the last quarter. Millennium Management LLC raised its stake in Cooper-Standard by 89.9% during the 1st quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company's stock worth $4,765,000 after acquiring an additional 147,209 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Cooper-Standard by 24.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 223,558 shares of the auto parts company's stock worth $3,425,000 after acquiring an additional 43,979 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company's stock.

Cooper-Standard Company Profile

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.

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