CPS Technologies (NASDAQ:CPSH) Stock Rating Upgraded by Wall Street Zen

CPS Technologies (NASDAQ:CPSH – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

CPSH has been the topic of a number of other reports. Zacks Research raised shares of CPS Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings lowered CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 14th. One equities 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. According to data from MarketBeat, CPS Technologies currently has a consensus rating of “Hold” and an average target price of $6.00.

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CPS Technologies Stock Performance

Shares of NASDAQ CPSH opened at $4.47 on Friday. The firm has a fifty day moving average of $5.58 and a 200 day moving average of $5.13. The firm has a market cap of $80.77 million, a PE ratio of -447.00 and a beta of 2.09. CPS Technologies has a one year low of $2.70 and a one year high of $14.39.

Hedge Funds Weigh In On CPS Technologies

Several large investors have recently made changes to their positions in the stock. Tema ETFs LLC lifted its stake in CPS Technologies by 55,189.2% during the second quarter. Tema ETFs LLC now owns 1,506,077 shares of the electronics maker’s stock worth $8,314,000 after purchasing an additional 1,503,353 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of CPS Technologies in the second quarter valued at $2,352,000. Polar Asset Management Partners Inc. acquired a new stake in shares of CPS Technologies in the fourth quarter valued at $1,022,000. MYDA Advisors LLC purchased a new stake in shares of CPS Technologies in the 4th quarter valued at $865,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of CPS Technologies in the 3rd quarter valued at $789,000. 11.18% of the stock is currently owned by institutional investors and hedge funds.

About CPS Technologies

(Get 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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