Recent exceptional negative changes in investment behavior have affected CTS Corp (NYSE: CTS): negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.
Recent significant negative changes in fundamentals have impacted CTS Corp (NYSE: CTS): the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
CTS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
CTS has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. CTS has a slightly negative Appreciation Score of 32 but a good Power Rating of 83, and the Neutral Value Trend Rating results.
Recent Price Action
CTS Corp (NYSE: CTS) stock closed at $48.42 on 8/1/24 after a slight decline of -0.9%. Moreover, exceptionally high trading volume at 248% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -7.8% during the last week.
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