CPS Technologies (NASDAQ:CPSH) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

CPS Technologies Corp. (NASDAQ:CPSH) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $4.91 and traded as low as $3.53. CPS Technologies shares last traded at $3.63, with a volume of 301,207 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently commented on CPSH. Wall Street Zen cut shares of CPS Technologies from a “hold” rating to a “sell” rating in a report on Sunday, August 16th. Zacks Research upgraded shares of CPS Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings cut CPS Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. Finally, Roth Capital reissued a “buy” rating and set a $6.00 price target (up from $5.50) on shares of CPS Technologies in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.00.

CPS Technologies Trading Down 1.9%

The firm’s 50-day moving average price is $3.97 and its 200 day moving average price is $4.90. The company has a market capitalization of $69.80 million, a price-to-earnings ratio of -360.00 and a beta of 2.09.

Institutional Investors Weigh In On CPS Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tema ETFs LLC boosted its holdings in shares of CPS Technologies by 55,189.2% in the 2nd quarter. Tema ETFs LLC now owns 1,506,077 shares of the electronics maker’s stock valued at $8,314,000 after purchasing an additional 1,503,353 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of CPS Technologies during the 2nd quarter worth $8,314,000. BlackRock Inc. acquired a new position in shares of CPS Technologies during the 2nd quarter worth $2,352,000. MYDA Advisors LLC bought a new stake in shares of CPS Technologies during the 4th quarter worth $865,000. Finally, Renaissance Technologies LLC lifted its position in shares of CPS Technologies by 13.2% during the 1st quarter. Renaissance Technologies LLC now owns 248,958 shares of the electronics maker’s stock worth $931,000 after buying an additional 29,100 shares during the last quarter. 11.18% of the stock is currently owned by institutional investors.

About CPS Technologies

CPS Technologies Corporation (NASDAQ: CPSH) develops and manufactures advanced material solutions for demanding industrial, defense, aerospace, transportation, and electronics applications. The company specializes in engineered composites and ceramics designed to provide combinations of thermal management, lightweight strength, durability, and ballistic protection.

Its product offerings include aluminum silicon carbide (AlSiC) metal matrix composites, ceramic armor systems, and other structural ceramic and composite components.