Zacks Research upgraded shares of CPS Technologies (NASDAQ:CPSH – Free Report) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.
Several other brokerages have also recently weighed in on CPSH. Weiss Ratings cut CPS Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 15th. Wall Street Zen lowered shares of CPS Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.00.
View Our Latest Stock Report on CPS Technologies
CPS Technologies Price Performance
CPS Technologies (NASDAQ:CPSH – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The electronics maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The company had revenue of $7.03 million for the quarter, compared to the consensus estimate of $8.63 million. CPS Technologies had a net margin of 0.10% and a return on equity of 0.16%. On average, sell-side analysts anticipate that CPS Technologies will post 0.04 earnings per share for the current fiscal year.
Institutional Trading of CPS Technologies
Institutional investors have recently modified their holdings of the company. Polar Asset Management Partners Inc. purchased a new position in shares of CPS Technologies in the 4th quarter worth approximately $1,022,000. MYDA Advisors LLC purchased a new position in CPS Technologies in the fourth quarter worth $865,000. Renaissance Technologies LLC increased its position in shares of CPS Technologies by 13.2% during the first quarter. Renaissance Technologies LLC now owns 248,958 shares of the electronics maker’s stock worth $931,000 after purchasing an additional 29,100 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of CPS Technologies during the third quarter worth $789,000. Finally, Perkins Capital Management Inc. purchased a new stake in shares of CPS Technologies during the 4th quarter valued at $624,000. 11.18% of the stock is currently owned by institutional investors.
About CPS Technologies
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.
Featured Articles
- Five stocks we like better than CPS Technologies
- Industrials Are Leading in 2026, But These ETFs Take Different Routes
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
Receive News & Ratings for CPS Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CPS Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
