Cooper-Standard (NYSE:CPS) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Cooper-Standard Holdings Inc. (NYSE:CPS) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.49 and traded as low as $14.21. Cooper-Standard shares last traded at $14.42, with a volume of 304,457 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Cooper-Standard from a “hold” rating to a “buy” rating in a research report on Saturday, February 22nd.

Cooper-Standard Stock Performance

The company has a 50-day simple moving average of $14.73 and a 200 day simple moving average of $14.49. The company has a market capitalization of $249.77 million, a P/E ratio of -3.18 and a beta of 2.78.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings data on Thursday, February 13th. The auto parts company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.22).

Insider Activity

In other news, Director David John Mastrocola acquired 3,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were acquired at an average cost of $15.27 per share, for a total transaction of $45,810.00. Following the completion of the transaction, the director now owns 11,115 shares in the company, valued at approximately $169,726.05. This trade represents a 36.97 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.20% of the stock is currently owned by company insiders.

Institutional Trading of Cooper-Standard

Institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE bought a new stake in shares of Cooper-Standard during the third quarter valued at approximately $33,000. Quantbot Technologies LP bought a new stake in Cooper-Standard in the fourth quarter valued at $48,000. National Bank of Canada FI acquired a new position in Cooper-Standard during the fourth quarter worth $54,000. Quarry LP bought a new position in shares of Cooper-Standard during the fourth quarter valued at $79,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Cooper-Standard in the 4th quarter valued at $107,000. 69.11% of the stock is currently owned by institutional investors.

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.