Broadridge Financial Solutions Inc. Stock Falls Thursday, Still Outperforms Market

CTS Corp

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Information Technology : Electronic Equipment, Instruments & Components | Small Cap Blend

Company profile

CTS Corporation is a global 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. It operates manufacturing facilities located throughout North America, Asia and Europe and serves various markets globally. 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.

Broadridge Financial Solutions Inc. Stock Falls Thursday, Still Outperforms Market

4:41 pm ET June 9, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Broadridge Financial Solutions Inc. (BR) slid 2.06% to $142.49 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 2.38% to 4,017.82 and Dow Jones Industrial Average falling 1.94% to 32,272.79. This was the stock's second consecutive day of losses. Broadridge Financial Solutions Inc. closed $42.91 below its 52-week high ($185.40), which the company achieved on December 28th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Automatic Data Processing Inc. (ADP) fell 1.48% to $215.70, Fiserv Inc. (FISV) fell 4.30% to $95.82, and Paychex Inc. (PAYX) fell 2.39% to $122.60. Trading volume (287,427) remained 145,088 below its 50-day average volume of 432,515.

Data source: Dow Jones Market Data, FactSet. Data compiled June 9, 2022.

(END) Dow Jones Newswires

June 09, 2022 16:41 ET (20:41 GMT)