CPS Technologies (NASDAQ:CPSH) Upgraded by Wall Street Zen to “Buy” Rating

CPS Technologies (NASDAQ:CPSH) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CPS Technologies in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

CPS Technologies Price Performance

Shares of NASDAQ CPSH traded up $0.04 during mid-day trading on Friday, hitting $3.32. 361,982 shares of the company’s stock traded hands, compared to its average volume of 182,534. The company’s 50-day moving average is $3.71 and its two-hundred day moving average is $2.98. CPS Technologies has a 1 year low of $1.39 and a 1 year high of $4.89. The company has a market capitalization of $59.69 million, a P/E ratio of -83.00 and a beta of 1.57.

CPS Technologies (NASDAQ:CPSH) last announced its earnings results on Wednesday, October 29th. The electronics maker reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $8.80 million during the quarter. CPS Technologies had a negative return on equity of 3.99% and a negative net margin of 1.94%.

Insider Buying and Selling

In other CPS Technologies news, Director Ivo James Cavoli purchased 25,000 shares of the stock in a transaction dated Wednesday, October 8th. The stock was acquired at an average cost of $3.00 per share, for a total transaction of $75,000.00. Following the acquisition, the director owned 49,185 shares in the company, valued at $147,555. This trade represents a 103.37% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Francis J. Hughes, Jr. bought 18,333 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The stock was bought at an average price of $3.00 per share, with a total value of $54,999.00. Following the acquisition, the director directly owned 438,009 shares in the company, valued at $1,314,027. The trade was a 4.37% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 71,433 shares of company stock worth $214,012. Company insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On CPS Technologies

Hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new stake in shares of CPS Technologies in the 3rd quarter valued at $69,000. XTX Topco Ltd purchased a new position in shares of CPS Technologies during the first quarter worth approximately $32,000. Finally, Jane Street Group LLC acquired a new position in CPS Technologies in the second quarter valued at $98,000. Institutional investors and hedge funds own 11.18% of the company’s stock.

CPS Technologies Company Profile

CPS Technologies Corporation provides advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets in the United States, Europe, and Asia. The company offers metal matrix composites such as baseplates for various applications, including motor controllers used in electric trains, subway cars, wind turbines, and hybrid and electric vehicles; hermetic packages for use in radar, satellite, and avionics applications; baseplates and housings used in modules built with wide band gap semiconductors; and lids and heat spreaders for use in internet switches and routers.