Cooper-Standard (NYSE:CPS) Stock Price Crosses Below 200 Day Moving Average of $15.93

Cooper-Standard Holdings Inc. (NYSE:CPS) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.93 and traded as low as $15.69. Cooper-Standard shares last traded at $16.15, with a volume of 71,637 shares traded.

Analyst Ratings Changes

Separately, StockNews.com cut Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Saturday, December 30th.

Cooper-Standard Price Performance

The company has a 50-day moving average price of $15.59 and a 200 day moving average price of $15.93.

Cooper-Standard (NYSE:CPS) last posted its earnings results on Thursday, February 15th. The auto parts company reported ($1.79) EPS for the quarter. The company had revenue of $673.64 million during the quarter.

Institutional Investors Weigh In On Cooper-Standard

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new position in shares of Cooper-Standard during the second quarter valued at approximately $44,000. Allspring Global Investments Holdings LLC bought a new position in shares of Cooper-Standard during the third quarter valued at approximately $56,000. Quantbot Technologies LP bought a new position in shares of Cooper-Standard during the second quarter valued at approximately $57,000. Sunbelt Securities Inc. bought a new position in shares of Cooper-Standard during the second quarter valued at approximately $66,000. Finally, Barclays PLC grew its stake in shares of Cooper-Standard by 202.5% during the second quarter. Barclays PLC now owns 5,269 shares of the auto parts company’s stock valued at $75,000 after buying an additional 3,527 shares during the last quarter. 69.11% of the stock is currently owned by hedge funds and other 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.