Cooper-Standard (NYSE:CPS) Stock Price Passes Above Fifty Day Moving Average of $15.40

Cooper-Standard Holdings Inc. (NYSE:CPS) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $15.40 and traded as high as $15.87. Cooper-Standard shares last traded at $15.48, with a volume of 58,295 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Cooper-Standard from a “buy” rating to a “hold” rating in a report on Tuesday.

Cooper-Standard Price Performance

The business has a 50 day simple moving average of $15.31 and a 200 day simple moving average of $16.21. The company has a market capitalization of $266.44 million, a price-to-earnings ratio of -1.32 and a beta of 2.88.

Cooper-Standard (NYSE:CPS) last posted its earnings results on Thursday, February 15th. The auto parts company reported ($1.79) earnings per share (EPS) for the quarter. The company had revenue of $673.64 million during the quarter.

Hedge Funds Weigh In On Cooper-Standard

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NorthRock Partners LLC grew its stake in shares of Cooper-Standard by 5.2% during the third quarter. NorthRock Partners LLC now owns 37,878 shares of the auto parts company’s stock worth $508,000 after purchasing an additional 1,878 shares in the last quarter. Acadian Asset Management LLC grew its position in Cooper-Standard by 0.4% during the 3rd quarter. Acadian Asset Management LLC now owns 512,699 shares of the auto parts company’s stock worth $6,878,000 after purchasing an additional 2,124 shares during the last quarter. Atomi Financial Group Inc. increased its stake in Cooper-Standard by 10.6% in the third quarter. Atomi Financial Group Inc. now owns 25,424 shares of the auto parts company’s stock valued at $341,000 after purchasing an additional 2,440 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of Cooper-Standard by 12.7% during the first quarter. Los Angeles Capital Management LLC now owns 28,894 shares of the auto parts company’s stock worth $478,000 after buying an additional 3,250 shares during the period. Finally, Barclays PLC grew its holdings in shares of Cooper-Standard by 202.5% during the second quarter. Barclays PLC now owns 5,269 shares of the auto parts company’s stock worth $75,000 after buying an additional 3,527 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

About Cooper-Standard

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.