CTS (NYSE:CTS) Reaches New 52-Week Low – Time to Sell?

CTS Co. (NYSE:CTS) hit a new 52-week low during trading on Tuesday . The company traded as low as $41.23 and last traded at $41.37, with a volume of 873 shares changing hands. The stock had previously closed at $41.55.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of CTS from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd.

CTS Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 1.95. The stock has a 50 day simple moving average of $45.79 and a two-hundred day simple moving average of $49.59. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 21.70 and a beta of 0.57.

CTS (NYSE:CTS) last posted its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.06). CTS had a net margin of 11.27% and a return on equity of 12.67%. On average, equities research analysts predict that CTS Co. will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Friday, March 28th. CTS’s dividend payout ratio (DPR) is presently 8.42%.

Institutional Trading of CTS

Several institutional investors and hedge funds have recently bought and sold shares of CTS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in CTS by 11.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,154 shares of the electronics maker’s stock worth $3,330,000 after buying an additional 6,269 shares during the period. Two Sigma Advisers LP grew its stake in shares of CTS by 11.4% in the fourth quarter. Two Sigma Advisers LP now owns 7,800 shares of the electronics maker’s stock valued at $411,000 after buying an additional 800 shares in the last quarter. ProShare Advisors LLC lifted its stake in CTS by 44.3% during the 4th quarter. ProShare Advisors LLC now owns 9,072 shares of the electronics maker’s stock worth $478,000 after acquiring an additional 2,786 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in CTS by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,119 shares of the electronics maker’s stock valued at $903,000 after acquiring an additional 651 shares during the period. Finally, Lazard Asset Management LLC grew its position in CTS by 111.4% in the 4th quarter. Lazard Asset Management LLC now owns 35,055 shares of the electronics maker’s stock valued at $1,848,000 after acquiring an additional 18,473 shares in the last quarter. 96.87% of the stock is currently 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.