MYDA Advisors LLC Invests $865,000 in CPS Technologies Corp. $CPSH

MYDA Advisors LLC bought a new position in CPS Technologies Corp. (NASDAQ:CPSH) during the fourth quarter, Holdings Channel reports. The institutional investor bought 280,000 shares of the electronics maker’s stock, valued at approximately $865,000.

Other large investors have also recently bought and sold shares of the company. Evernest Financial Advisors LLC acquired a new stake in shares of CPS Technologies in the fourth quarter valued at approximately $449,000. Kennedy Capital Management LLC acquired a new position in shares of CPS Technologies during the fourth quarter valued at approximately $588,000. Marshall Wace LLP grew its position in CPS Technologies by 199.4% in the fourth quarter. Marshall Wace LLP now owns 127,322 shares of the electronics maker’s stock worth $393,000 after buying an additional 84,799 shares during the last quarter. State Street Corp grew its position in CPS Technologies by 36.3% in the fourth quarter. State Street Corp now owns 48,708 shares of the electronics maker’s stock worth $151,000 after buying an additional 12,984 shares during the last quarter. Finally, Jane Street Group LLC grew its position in CPS Technologies by 122.5% in the fourth 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. Institutional investors own 11.18% of the company’s stock.

CPS Technologies Stock Performance

CPS Technologies stock opened at $7.86 on Monday. The firm’s 50 day moving average price is $5.86 and its two-hundred day moving average price is $4.71. CPS Technologies Corp. has a 1 year low of $2.10 and a 1 year high of $14.39.

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 analysts’ consensus estimates of $0.01 by ($0.03). CPS Technologies had a return on equity of 0.16% and a net margin of 0.10%.The firm had revenue of $7.03 million during the quarter, compared to analyst estimates of $8.63 million. Equities research analysts forecast that CPS Technologies Corp. will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on CPSH shares. Weiss Ratings upgraded shares of CPS Technologies from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Wall Street Zen lowered shares of CPS Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Zacks Research lowered shares of CPS Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, CPS Technologies currently has an average rating of “Hold” and an average price target of $6.00.

CPS Technologies 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.