CPS Technologies Corp. (NASDAQ:CPSH – Get Free Report)’s share price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $3.73 and traded as high as $3.87. CPS Technologies shares last traded at $3.83, with a volume of 151,745 shares changing hands.
Analyst Upgrades and Downgrades
CPSH has been the subject of several analyst reports. Wall Street Zen lowered shares of CPS Technologies from a “hold” rating to a “sell” rating in a report on Sunday, August 16th. Roth Capital reissued a “buy” rating and set a $6.00 price objective (up from $5.50) on shares of CPS Technologies in a research report on Wednesday, August 12th. Finally, Weiss Ratings cut CPS Technologies from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, August 14th. One equities 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.00.
View Our Latest Stock Analysis on CPS Technologies
CPS Technologies Trading Up 6.4%
The firm’s 50-day moving average is $3.73 and its 200 day moving average is $4.70.
CPS Technologies (NASDAQ:CPSH – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The electronics maker reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $8.90 million during the quarter, compared to the consensus estimate of $8.54 million. CPS Technologies had a negative return on equity of 0.14% and a negative net margin of 0.11%. Analysts predict that CPS Technologies Corp. will post 0.01 earnings per share for the current year.
Hedge Funds Weigh In On CPS Technologies
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPSH. Tidal Investments LLC purchased a new stake in shares of CPS Technologies in the second quarter worth about $8,314,000. Tema ETFs LLC boosted its stake in CPS Technologies by 55,189.2% in the second quarter. Tema ETFs LLC now owns 1,506,077 shares of the electronics maker’s stock valued at $8,314,000 after acquiring an additional 1,503,353 shares during the last quarter. BlackRock Inc. bought a new position in shares of CPS Technologies during the second quarter valued at about $2,352,000. Sei Investments Co. grew its position in CPS Technologies by 54.1% during the first quarter. Sei Investments Co. now owns 186,790 shares of the electronics maker’s stock valued at $699,000 after buying an additional 65,582 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of CPS Technologies during the second quarter valued at approximately $269,000. 11.18% of the stock is owned by institutional investors and hedge funds.
About CPS Technologies
CPS Technologies Corporation develops and manufactures advanced composite materials and engineered components for demanding industrial applications. The company’s products are designed to provide combinations of thermal management, electrical performance, lightweight construction, strength and durability that can be difficult to achieve with conventional materials.
Its product portfolio includes metal matrix composites such as aluminum-silicon carbide (AlSiC) and copper-based composites, along with ceramic matrix composite materials and related engineered structures.
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