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.

Closing Price
$40.83
Day's Change
0.08 (0.20%)
Bid
--
Ask
--
B/A Size
--
Day's High
41.02
Day's Low
40.20
Volume
(Below Average)
Volume:
130,137

10-day average volume:
150,862
130,137

New Fortress Energy, Apollo to form LNG marine infrastructure platform JV in a deal valued at $2 billion

6:12 am ET July 5, 2022 (MarketWatch)
Print

New Fortress Energy LLC (NFE) announced Tuesday that it will sell 11 liquid natural gas (LNG) infrastructure vessels to a new joint venture formed with Apollo Global Management Inc. (APO) in a deal valued at $2 billion. Apollo will own about 80% of the JV and New Fortress Energy (NFE) will own 20%. As part of the deal, NFE agreed to charter 10 of the 11 vessels for up to 20 years. "Together with Apollo, we are creating a leading LNG marine infrastructure platform to help accelerate the energy transition while freeing up capital to continue to invest into our Fast LNG and downstream LNG projects worldwide," said NFE Chief Executive Wes Edens. NFE and Apollo shares were still inactive in premarket trading. Year to date, NFE's stock has soared 64.1% and Apollo shares have tumbled 32.0%, while the S&P 500 has dropped 19.7%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

July 05, 2022 06:12 ET (10:12 GMT)

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