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

Shares of CPS Technologies Corp. (NASDAQ:CPSH) crossed 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 traded.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Weiss Ratings lowered CPS Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 15th. Zacks Research downgraded CPS Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen lowered CPS Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, CPS Technologies currently has a consensus rating of “Reduce” and a consensus target price of $6.00.

CPS Technologies Stock Down 6.0%

The firm’s fifty day moving average is $6.14 and its 200 day moving average is $4.86.

CPS Technologies (NASDAQ:CPSH) last posted 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 analyst estimates of $8.63 million. CPS Technologies had a return on equity of 0.16% and a net margin of 0.10%. As a group, analysts expect that CPS Technologies Corp. will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CPSH. GSA Capital Partners LLP purchased a new position in CPS Technologies in the 3rd quarter valued at about $69,000. IFP Advisors Inc boosted its holdings in 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 last quarter. Jane Street Group LLC boosted its holdings in CPS Technologies by 122.5% in the 4th quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker’s stock worth $83,000 after buying an additional 14,822 shares during the last quarter. Salvus Wealth Management LLC purchased a new stake in CPS Technologies during the 4th quarter worth approximately $85,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in CPS Technologies during the 4th quarter worth approximately $94,000. Institutional investors and hedge funds own 11.18% of the company’s stock.

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.