145,434 Shares in CPS Technologies Corp. $CPSH Bought by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC bought a new position in CPS Technologies Corp. (NASDAQ:CPSHFree Report) in the 4th quarter, Holdings Channel.com reports. The firm bought 145,434 shares of the electronics maker’s stock, valued at approximately $449,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in CPS Technologies in the third quarter worth $69,000. IFP Advisors Inc grew its position in CPS Technologies by 33.3% in the third quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock worth $71,000 after acquiring an additional 5,000 shares in the last quarter. Jane Street Group LLC grew its position in CPS Technologies by 122.5% in the fourth quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker’s stock worth $83,000 after acquiring an additional 14,822 shares in the last quarter. Salvus Wealth Management LLC purchased a new position in CPS Technologies in the fourth quarter worth $85,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in CPS Technologies in the fourth quarter worth $94,000. 11.18% of the stock is currently owned by hedge funds and other institutional investors.

CPS Technologies Stock Performance

NASDAQ CPSH opened at $7.86 on Friday. The company has a 50-day simple moving average of $5.86 and a two-hundred day simple moving average of $4.70. CPS Technologies Corp. has a 12-month low of $2.10 and a 12-month high of $14.39.

CPS Technologies (NASDAQ:CPSHGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The electronics maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). CPS Technologies had a net margin of 0.10% and a return on equity of 0.16%. The business had revenue of $7.03 million for the quarter, compared to analysts’ expectations of $8.63 million. Sell-side analysts expect that CPS Technologies Corp. will post 0.04 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CPSH. Wall Street Zen lowered shares of CPS Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Zacks Research lowered shares of CPS Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of CPS Technologies from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, CPS Technologies currently has a consensus rating of “Hold” and a consensus price target of $6.00.

Read Our Latest Stock Report on CPS Technologies

About CPS Technologies

(Free Report)

CPS Technologies Corp is a materials technology company specializing in the design and manufacture of advanced engineered composites and metal systems. The company develops bonded metal components, high-performance polymer composites and ceramic-to-metal brazed assemblies that address the demanding requirements of high-temperature, high-stress and high-frequency applications. CPS Technologies’ product portfolio includes thermal management solutions, electromagnetic interference (EMI) shielding materials, structural composites and electronic packaging substrates tailored for critical end markets.

Serving the aerospace, defense, electronics and energy industries, CPS Technologies works closely with original equipment manufacturers and system integrators to deliver custom materials solutions that reduce weight, improve thermal efficiency and enhance mechanical performance.

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Institutional Ownership by Quarter for CPS Technologies (NASDAQ:CPSH)

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