Cooper-Standard (NYSE:CPS) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Cooper-Standard Holdings Inc. (NYSE:CPS) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.33 and traded as low as $14.22. Cooper-Standard shares last traded at $14.90, with a volume of 169,218 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com raised Cooper-Standard from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th.

Cooper-Standard Stock Down 3.4 %

The company has a market cap of $258.25 million, a P/E ratio of -1.50 and a beta of 2.78. The company has a 50 day moving average price of $14.69 and a 200-day moving average price of $14.33.

Institutional Investors Weigh In On Cooper-Standard

Hedge funds have recently modified their holdings of the stock. US Bancorp DE purchased a new stake in shares of Cooper-Standard during the 3rd quarter worth about $33,000. SG Americas Securities LLC acquired a new stake in Cooper-Standard in the 4th quarter valued at approximately $107,000. Orion Portfolio Solutions LLC grew its holdings in Cooper-Standard by 14.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 13,704 shares of the auto parts company’s stock valued at $190,000 after buying an additional 1,701 shares during the last quarter. Gladstone Institutional Advisory LLC bought a new stake in shares of Cooper-Standard in the 4th quarter worth approximately $219,000. Finally, Barclays PLC lifted its position in shares of Cooper-Standard by 110.6% in 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 during the period. 69.11% of the stock is owned by hedge funds and other institutional investors.

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.