Company shares last traded at $27.20 which is quite a bit higher than the 50 day moving average which is $24.72 and a great deal higher than the 200 day moving average of $22.51. The 50 day moving average was up $2.48 or +10.03% and the 200 day average moved up $4.69. (NYSE:CTS) shares saw heavy trading volume with 97K shares changing hands on Tuesday. Volume was up 74.33% over the stocks average daily volume.
Traders are a little more bearish on CTS Corporation lately considering the increase in short interest. The firm had a rise in short interest between September 29, 2017 and October 13, 2017 of 1.89%. Short shares increased from 380,971 to 388,165 over that period. Days to cover increased from 5.0 to 6.0 and the short interest percentage is 0.01% as of October 13.
These firms have modified their investment in CTS. As of the end of the quarter First Quadrant L P/ca had disposed of a total of 2,983 shares trimming its stake by 25.0%. The value of the investment in (CTS) went from $258,000 to $216,000 decreasing 16.3% since the last quarter. As of quarter end Victory Capital Management Inc had bought 1,346 shares growing its holdings by 19.8%. The value of the company’s investment in CTS Corporation increased from $147,000 to $196,000 a change of $49,000 for the reporting period.
As of quarter end Nationwide Fund Advisors had sold a total of 642 shares trimming its position 2.7%. The value of the investment in CTS Corporation increased from $521,000 to $566,000 a change of 8.6% quarter over quarter. First Trust Advisors Lp downsized its holdings by selling 291 shares a decrease of 1.1% in the quarter. First Trust Advisors Lp now controls 25,951 shares with a value of $625,000. The value of the position overall is up by 10.2%.
The company is up by 3.82% percent from yesterday’s close. The company also announced a dividend for shareholders to be paid on Friday the 3rd of November 2017. The dividend payment will be $0.040 per share for the quarter which comes to $0.16 on an annualized basis. This dividend amount will represent a yield of $0.60. The ex-dividend date is Thursday September 28th, 2017.
The most current P/E ratio is 29.86 and the market value is 895.78M. In the last earnings report the EPS was $0.91 and is projected to be $1.16 for the current year with 32,933,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.28 and the next full year EPS is anticipated to be $1.27.
CTS Corporation, launched on February 8, 1929, is a global manufacturer of sensors, electronic components and actuators. The Company designs, manufactures and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets. The Company operates manufacturing facilities in North America, Asia and Europe. The Business’s products perform specific electronic functions for a given product family and are intended for use in customer assemblies. The Business’s products consist principally of sensors and actuators used in passenger or commercial vehicles; electronic components used in communications infrastructure, information technology and other high-speed applications; switches and potentiometers supplied to multiple markets, and fabricated piezoelectric materials and substrates used primarily in medical, industrial, defense and aerospace, and information technology markets..