CTS (NYSE:CTS) Share Price Passes Above 200-Day Moving Average - Should You Sell?

CTS Corporation (NYSE:CTS - Get Free Report) passed 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 trading hands.

Analysts Set New Price Targets

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

CTS Price Performance

The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 21.15 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. The stock has a 50 day moving average price of $41.93 and a two-hundred day moving average price of $43.88.

CTS (NYSE:CTS - Get Free Report) last released 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 return on equity of 12.32% and a net margin of 11.70%. The company had revenue of $125.77 million for the quarter, compared to analyst estimates of $128.72 million. As a group, analysts expect that CTS Corporation will post 2.28 EPS for the current year.

CTS Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Friday, June 27th. CTS's dividend payout ratio (DPR) is 8.08%.

Institutional Trading of CTS

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

CTS Company Profile

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.