CTS Corporation [NYSE: CTS] Stock at $44.73 Following Recent Market Activity
April 14, 2023
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CTS ($NYSE:CTS) Corporation NYSE: CTS is a leading global electronics components manufacturer, specializing in the production of a wide range of products including sensors, switches, and connectors. On March 15, the stock experienced a loss of -1.21% or -0.55 points, closing at $44.73 and a high trading volume of 84922 shares. This recent activity has left many investors wondering what the next move will be.
The company has recently announced several new partnerships and initiatives to enhance its market position and strengthen the company’s portfolio. With plans to expand into new markets, as well as strengthen existing product lines, CTS Corporation appears to be well-positioned for continued success.
Price History
CTS CORPORATION (NYSE: CTS) stock saw an increase on Monday as the stock opened at $44.7 and closed at $45.6, a 1.9% increase from the prior closing price of $44.7. The jump in price could be attributed to the company’s recent market activity, which saw increased trading volume and positive investor sentiment. This suggests that the market is optimistic about CTS CORPORATION’s prospects in the coming months, and confidence in the stock has been growing. As such, investors may be interested in the stock as a potential opportunity to diversify their portfolios or capitalize on the potential growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cts Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 586.87 | 59.58 | 10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cts Corporation. More…
| Operations | Investing | Financing |
| 121.2 | -111.19 | 4.34 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cts Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 748.49 | 242.26 | 15.98 |
Key Ratios Snapshot
Some of the financial key ratios for Cts Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.8% | 15.8% | 14.1% |
| FCF Margin | ROE | ROA |
| 18.2% | 10.4% | 6.9% |
Analysis
GoodWhale conducted an analysis of CTS CORPORATION‘s wellbeing, and the results are very promising. Using the Star Chart, we can see that CTS CORPORATION is strong in asset, dividend, growth, and profitability. Furthermore, CTS CORPORATION has a very high health score of 10/10, indicating that it is capable of paying off its debt and funding future operations. Based on our analysis, CTS CORPORATION falls into the category of ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. We believe that such a company would be of interest to many types of investors, including institutional investors, private equity firms, venture capitalists, and high net-worth individuals. More…
Peers
The company’s products are used in a wide range of industries, including automotive, consumer, industrial, medical, and telecommunications. CTS Corp has a strong competitive position in the market, with a broad product portfolio and a large customer base. The company’s main competitors are Alps Alpine Co Ltd, Concraft Holding Co Ltd, and Man Yue Technology Holdings Ltd.
– Alps Alpine Co Ltd ($TSE:6770)
Alps Alpine Co Ltd is a Japanese company that manufactures and sells electronic equipment and components. The company has a market cap of 273.42B as of 2022 and a ROE of 8.73%. Alps Alpine is a leading manufacturer of electronic equipment and components, with a strong presence in the automotive, industrial, and consumer markets. The company’s products are used in a wide range of applications, including automotive electronics, communications, and computing. Alps Alpine is headquartered in Tokyo, Japan, and has manufacturing facilities in Japan, China, and the United States.
– Concraft Holding Co Ltd ($TWSE:4943)
Concraft Holding Co Ltd is a construction company that operates in the Chinese market. The company has a market capitalization of 1.19 billion as of 2022 and a return on equity of -142.04%. The company’s primary business is the construction of residential and commercial buildings. The company also provides construction management services.
– Man Yue Technology Holdings Ltd ($SEHK:00894)
Man Yue Technology Holdings Ltd is a Hong Kong-based investment holding company principally engaged in the provision of electronics manufacturing services. The Company operates its businesses through two segments. The Electronics Manufacturing Services Segment is engaged in the provision of one-stop electronics manufacturing services, including product design, printed circuit board assembly, plastic injection molding and product assembly. The Logistics Segment is engaged in the provision of logistics services, including international airfreight, international oceanfreight, warehousing and domestic transportation. As of December 31, 2011, the Company operated a total of 20 subsidiaries.
Summary
Despite this, the stock has seen a heavy trading volume of 84922 shares. Analysts have noted that the company’s performance could be significantly impacted in the near future based on macroeconomic factors and the industry overall. Investors should watch for news regarding CTS Corporation‘s upcoming financial results and market sentiment in order to make an informed decision about investing in the stock. Additionally, investors should consider the company’s fundamentals such as its dividend yield, business strategy, and debt levels in order to determine whether CTS Corporation is a good investment opportunity.
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