Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate CTS Corp before investing.

In this article, we go over a few key elements for understanding CTS Corp’s stock price such as:

• CTS Corp’s current stock price and volume
• Why CTS Corp’s stock price changed recently
• Upgrades and downgrades for CTS from analysts
• CTS’s stock price momentum as measured by its relative strength

About CTS Corp (CTS)

Before we jump into CTS Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

CTS Corporation is a global manufacturer of sensors, connectivity components, and actuators. The Company designs, manufactures, and sells a line of sensors, connectivity components, and actuators primarily to original equipment manufacturers (OEMs) and suppliers for the aerospace and defense, industrial, medical, and transportation markets. The Company operates manufacturing facilities located throughout North America, Asia and Europe and serves various markets globally. The Company?s products consist principally of sensors and actuators used in passenger or commercial vehicles, connectivity components used in telecommunications infrastructure, information technology and other high-speed applications, switches, temperature sensors, and potentiometers supplied to multiple markets, and fabricated piezoelectric materials and substrates used primarily in the medical, industrial, and aerospace and defense markets.

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CTS Corp’s Stock Price as of Market Close

As of February 07, 2024, 4:00 PM, CST, CTS Corp’s stock price was $42.71.

CTS Corp is down 6.97% from its previous closing price of $45.91.

During the last market session, CTS Corp’s stock traded between $42.60 and $47.10. Currently, there are 31.30 million shares of CTS Corp stock available for purchase.

CTS Corp’s price-earnings (P/E) ratio is currently at 24.3, which is high compared to the Electronic Equipment & Parts industry median of 20.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

CTS Corp Stock Price History

CTS Corp’s (CTS) price is currently up 4.02% so far this month.

During the month of February, CTS Corp’s stock price has reached a high of $47.10 and a low of $40.96.

Over the last year, CTS Corp has hit prices as high as $49.59 and as low as $35.50. Year to date, CTS Corp’s stock is up 8.35%.

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What Caused CTS Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 06, 2024, there were 2 analysts who downgraded CTS Corp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate CTS Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on CTS Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

CTS Corp’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about CTS Corp (CTS) by visiting AAII Stock Evaluator.

Relative Price Strength of CTS Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 06, 2024, CTS Corp has a weighted four-quarter relative price strength of -3.98%, which translates to a Momentum Score of 58 and is considered to be Average.

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CTS Corp Stock Price: Bottom Line

As of February 7, 2024, CTS Corp’s stock price is $42.71, which is down 6.97% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like CTS Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.