MYDA Advisors LLC bought a new position in shares of CPS Technologies Corp. (NASDAQ:CPSH – Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 280,000 shares of the electronics maker’s stock, valued at approximately $865,000. MYDA Advisors LLC owned 1.56% of CPS Technologies at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Jane Street Group LLC purchased a new stake in CPS Technologies in the 2nd quarter valued at approximately $98,000. GSA Capital Partners LLP purchased a new position in shares of CPS Technologies in the 3rd quarter worth $69,000. Dimensional Fund Advisors LP raised its position in shares of CPS Technologies by 81.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock worth $94,000 after buying an additional 11,808 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of CPS Technologies in the 3rd quarter worth $789,000. Finally, IFP Advisors Inc raised its position in shares of CPS Technologies by 33.3% in the 3rd quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock worth $71,000 after buying an additional 5,000 shares during the period. Hedge funds and other institutional investors own 11.18% of the company’s stock.
CPS Technologies Price Performance
NASDAQ:CPSH opened at $7.86 on Monday. CPS Technologies Corp. has a 1-year low of $2.10 and a 1-year high of $14.39. The firm has a 50-day moving average of $5.86 and a two-hundred day moving average of $4.71.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Zacks Research lowered CPS Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Wall Street Zen lowered CPS Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.00.
Check Out Our Latest Report on CPS Technologies
CPS Technologies Profile
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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