CTS Corporation is a multinational company that specializes in the design and manufacturing of electronic components and sensors for a variety of industries, including aerospace, automotive, medical, and telecommunications
The company is known for its high-performance products such as piezoelectric devices, precision timing components, and advanced sensor solutions. In addition to its core manufacturing capabilities, CTS also offers engineering services to provide tailored solutions that meet the unique requirements of its diverse customer base. With a commitment to innovation and quality, CTS plays a significant role in enhancing the functionality and reliability of electronic systems across numerous applications.
Over the past six months, CTS’s shares (currently trading at $41.45) have posted a disappointing 10.9% loss while the S&P 500 was down 1.2%. This was partly due to its softer quarterly results and might have investors contemplating their next move.
According to Benzinga Pro data CTS (NYSECTS) posted a 6.35% decrease in earnings from Q2. Sales, however, increased by 4.78% over the previous quarter to $151.91 million.
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U.S. stocks closed mostly lower on Wednesday, with the Nasdaq Composite dropping over 200 points. Here is the list of some big stocks recording losses in the previous session.
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