CTS (NYSE:CTS) Stock Crosses Above 200-Day Moving Average – Should You Sell?

CTS Corporation (NYSE:CTS)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $55.25 and traded as high as $59.89. CTS shares last traded at $59.45, with a volume of 188,926 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CTS shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of CTS in a research note on Tuesday, May 26th. Zacks Research cut shares of CTS from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

CTS Trading Down 0.3%

The stock has a market capitalization of $1.70 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 1.53 and a beta of 1.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.98 and a current ratio of 2.52. The business’s 50-day moving average is $62.97 and its two-hundred day moving average is $55.28.

CTS (NYSE:CTS) last posted its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.10. CTS had a net margin of 12.46% and a return on equity of 12.90%. The firm had revenue of $139.23 million during the quarter, compared to analysts’ expectations of $136.83 million. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. As a group, equities research analysts anticipate that CTS Corporation will post 2.43 earnings per share for the current year.

CTS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, June 26th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, June 26th. CTS’s payout ratio is presently 6.84%.

Institutional Trading of CTS

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in CTS by 29.6% in the second quarter. GAMMA Investing LLC now owns 1,046 shares of the electronics maker’s stock valued at $68,000 after buying an additional 239 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of CTS by 308.5% in the 1st quarter. Parallel Advisors LLC now owns 1,401 shares of the electronics maker’s stock worth $67,000 after acquiring an additional 1,058 shares during the period. Royal Bank of Canada grew its holdings in shares of CTS by 11.2% in the 1st quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock worth $292,000 after acquiring an additional 710 shares during the period. Entropy Technologies LP purchased a new position in CTS in the 1st quarter valued at approximately $387,000. Finally, Captrust Financial Advisors grew its holdings in CTS by 12.1% in the second quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock valued at $346,000 after purchasing an additional 876 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

CTS Company Profile

CTS Corporation (NYSE:CTS) is a global manufacturer and supplier of electronic components and sensors, headquartered in Lisle, Illinois. Established in 1896 as the Chicago Telephone Supply Company, the firm has evolved over more than a century to become a diversified provider of high-precision products for a wide range of end markets.

The company’s core business encompasses the design, development and production of sensors and actuators, frequency control devices such as quartz crystals and filters, multilayer ceramic capacitors, and inductive components.