CPS Technologies (NASDAQ:CPSH) Stock Crosses Above 50 Day Moving Average – Here’s Why

CPS Technologies Corp. (NASDAQ:CPSH)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $6.14 and traded as high as $6.47. CPS Technologies shares last traded at $6.25, with a volume of 1,626,766 shares.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings cut CPS Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. Zacks Research downgraded CPS Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen cut 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 and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $6.00.

CPS Technologies Price Performance

The business’s 50-day moving average price is $6.17 and its 200-day moving average price is $4.89.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings data on Tuesday, May 5th. The electronics maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). The firm had revenue of $7.03 million for the quarter, compared to the consensus estimate of $8.63 million. CPS Technologies had a return on equity of 0.16% and a net margin of 0.10%. As a group, research analysts forecast that CPS Technologies Corp. will post 0.04 earnings per share for the current year.

Institutional Trading of CPS Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in shares of CPS Technologies in the 2nd quarter worth $98,000. GSA Capital Partners LLP acquired a new position in CPS Technologies during the 3rd quarter valued at about $69,000. Dimensional Fund Advisors LP raised its stake in CPS Technologies by 81.2% in the third quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock valued at $94,000 after buying an additional 11,808 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in CPS Technologies in the third quarter valued at about $789,000. Finally, IFP Advisors Inc boosted its holdings 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. Hedge funds and other institutional investors own 11.18% of the company’s stock.

CPS Technologies Company 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.