StockNews.com Lowers Cooper-Standard (NYSE:CPS) to Sell

StockNews.com lowered shares of Cooper-Standard (NYSE:CPSGet Rating) from a hold rating to a sell rating in a report published on Monday morning.

NYSE:CPS opened at $4.41 on Monday. Cooper-Standard has a 1-year low of $3.53 and a 1-year high of $29.90. The company has a 50-day moving average of $5.56 and a 200 day moving average of $12.84. The firm has a market cap of $75.24 million, a PE ratio of -0.22 and a beta of 3.18. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.51 and a quick ratio of 1.24.

Cooper-Standard (NYSE:CPSGet Rating) last released its quarterly earnings results on Thursday, May 5th. The auto parts company reported ($3.00) EPS for the quarter. The firm had revenue of $612.98 million for the quarter. Cooper-Standard had a negative net margin of 15.40% and a negative return on equity of 67.25%.

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in shares of Cooper-Standard by 52.9% during the first quarter. Bank of America Corp DE now owns 164,067 shares of the auto parts company’s stock valued at $1,440,000 after buying an additional 56,755 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Cooper-Standard by 217.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 46,144 shares of the auto parts company’s stock valued at $405,000 after purchasing an additional 31,595 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Cooper-Standard in the 1st quarter valued at approximately $96,000. Goldman Sachs Group Inc. raised its position in shares of Cooper-Standard by 214.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 95,529 shares of the auto parts company’s stock valued at $838,000 after purchasing an additional 65,158 shares during the last quarter. Finally, PDT Partners LLC raised its position in shares of Cooper-Standard by 696.2% in the 1st quarter. PDT Partners LLC now owns 74,874 shares of the auto parts company’s stock valued at $657,000 after purchasing an additional 65,470 shares during the last quarter. 99.63% of the stock is owned by institutional investors and hedge funds.

About Cooper-Standard (Get Rating)

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, and fluid transfer systems. The company's sealing systems include obstacle detection sensor systems, dynamic seals, variable extrusion systems, static seals, specialty sealing products, encapsulated glasses, stainless steel trims, FlushSeal systems, and textured surfaces with cloth appearance.

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