NEW YORK (
) -- The ex-dividend date for
) is tomorrow, September 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $8.60 as of 10:05 a.m. ET, the dividend yield is 1.5%.
The average volume for CTS has been 156,600 shares per day over the past 30 days. CTS has a market cap of $282.9 million and is part of the
industry. Shares are down 25.7% year to date as of the close of trading on Monday.
CTS Corporation engages in the design, manufacture, assembly, and sale of electronic components and sensors, as well as the provision of electronics manufacturing services worldwide. It operates in two segments, Electronics Manufacturing Services, and Components and Sensors. The company has a P/E ratio of 13.9, above the average electronics industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates CTS as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins. You can view the full