CTS (NYSE:CTS) Share Price Passes Above 200 Day Moving Average - Here's What Happened

CTS Corporation (NYSE:CTS - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $44.11 and traded as high as $44.32. CTS shares last traded at $43.03, with a volume of 167,534 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut CTS from a "buy" rating to a "hold" rating in a report on Friday, May 30th.

CTS Trading Up 0.0%

The firm's fifty day moving average is $41.71 and its 200-day moving average is $44.04. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 21.84 and a beta of 0.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.63 and a quick ratio of 2.05.

CTS (NYSE:CTS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The electronics maker reported $0.44 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.05). CTS had a net margin of 11.70% and a return on equity of 12.32%. The firm had revenue of $125.77 million during the quarter, compared to analyst estimates of $128.72 million. Equities analysts anticipate that CTS Corporation will post 2.28 earnings per share for the current year.

CTS Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, June 27th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.37%. CTS's dividend payout ratio (DPR) is currently 8.08%.

Institutional Trading of CTS

Large investors have recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in shares of CTS by 17.3% during the first quarter. Pacer Advisors Inc. now owns 2,863 shares of the electronics maker's stock valued at $119,000 after buying an additional 422 shares during the period. Aristides Capital LLC boosted its stake in shares of CTS by 7.8% in the 1st quarter. Aristides Capital LLC now owns 6,255 shares of the electronics maker's stock valued at $260,000 after purchasing an additional 450 shares in the last quarter. Bank of Montreal Can raised its position in CTS by 7.0% in the 4th quarter. Bank of Montreal Can now owns 6,995 shares of the electronics maker's stock worth $369,000 after purchasing an additional 458 shares during the period. Russell Investments Group Ltd. lifted its stake in CTS by 2.6% in the first quarter. Russell Investments Group Ltd. now owns 21,199 shares of the electronics maker's stock worth $881,000 after purchasing an additional 544 shares during the last quarter. Finally, Quarry LP lifted its position in CTS by 572.4% in the fourth quarter. Quarry LP now owns 659 shares of the electronics maker's stock valued at $35,000 after purchasing an additional 561 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

About CTS

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.