CTS traded at $58.32 this Friday May 15th, decreasing $2.97 or 4.85 percent since the previous trading session. Looking back, over the last four weeks, CTS lost 6.83 percent. Over the last 12 months, its price rose by 34.94 percent. Looking ahead, we forecast CTS to be priced at 57.15 by the end of this quarter and at 53.77 in one year, according to Trading Economics global macro models projections and analysts expectations.
CTS Corporation is a 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 supplies for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. Its products perform specific electronic functions for a given product family and are intended for use in customer assemblies. 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 medical, industrial, aerospace and defense, and information technology markets.