Cooper-Standard (NYSE:CPS) Stock Price Crosses Below 200 Day Moving Average - What's Next?

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.41 and traded as low as $11.61. Cooper-Standard shares last traded at $11.89, with a volume of 192,759 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CPS shares. Citigroup started coverage on shares of Cooper-Standard in a research note on Wednesday. They issued a "neutral" rating and a $12.00 price target on the stock. StockNews.com raised shares of Cooper-Standard from a "hold" rating to a "buy" rating in a research note on Saturday, February 22nd.

Cooper-Standard Trading Up 5.7 %

The firm has a market capitalization of $245.35 million, a PE ratio of -3.12 and a beta of 2.55. The business has a fifty day moving average price of $14.08 and a two-hundred day moving average price of $14.40.

Cooper-Standard (NYSE:CPS - Get Free Report) last posted its earnings results on Thursday, February 13th. The auto parts company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.22).

Insider Buying and Selling at Cooper-Standard

In other Cooper-Standard news, Director David John Mastrocola bought 3,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were acquired at an average price of $15.27 per share, with a total value of $45,810.00. Following the transaction, the director now owns 11,115 shares of the company's stock, valued at approximately $169,726.05. The trade was a 36.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cooper-Standard

Several hedge funds and other institutional investors have recently made changes to their positions in CPS. State Street Corp raised its position in shares of Cooper-Standard by 1.4% during the 3rd quarter. State Street Corp now owns 349,445 shares of the auto parts company's stock worth $4,847,000 after acquiring an additional 4,809 shares in the last quarter. Jane Street Group LLC raised its position in shares of Cooper-Standard by 130.9% during the 3rd quarter. Jane Street Group LLC now owns 55,456 shares of the auto parts company's stock worth $769,000 after acquiring an additional 31,437 shares in the last quarter. Barclays PLC raised its position in shares of Cooper-Standard by 110.6% during the 3rd quarter. Barclays PLC now owns 31,013 shares of the auto parts company's stock worth $430,000 after acquiring an additional 16,284 shares in the last quarter. Geode Capital Management LLC grew its stake in Cooper-Standard by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 392,882 shares of the auto parts company's stock worth $5,450,000 after buying an additional 4,821 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Cooper-Standard by 75.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 77,008 shares of the auto parts company's stock worth $1,068,000 after buying an additional 33,135 shares during 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.