CPS Technologies (NASDAQ:CPSH) Stock Crosses Below 200-Day Moving Average – Here’s Why

CPS Technologies Corp. (NASDAQ:CPSH) shares passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $4.90 and traded as low as $3.78. CPS Technologies shares last traded at $3.85, with a volume of 96,536 shares trading hands.

Wall Street Analysts Forecast Growth

CPSH has been the topic of several research analyst reports. Roth Capital reiterated 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. Wall Street Zen lowered shares of CPS Technologies from a “hold” rating to a “sell” rating in a report on Sunday, August 16th. Weiss Ratings cut CPS Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. Finally, Zacks Research upgraded CPS Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, CPS Technologies has a consensus rating of “Hold” and an average target price of $6.00.

CPS Technologies Price Performance

The firm has a market cap of $74.65 million, a PE ratio of -385.00 and a beta of 2.11. The firm has a 50-day simple moving average of $4.07 and a 200 day simple moving average of $4.90.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CPSH. Engineers Gate Manager LP purchased a new stake in CPS Technologies in the second quarter worth about $116,000. NewEdge Advisors LLC lifted its holdings in shares of CPS Technologies by 14.2% during the first quarter. NewEdge Advisors LLC now owns 41,072 shares of the electronics maker’s stock valued at $154,000 after purchasing an additional 5,120 shares during the last quarter. James Investment Research Inc. lifted its holdings in shares of CPS Technologies by 14.2% during the first quarter. James Investment Research Inc. now owns 41,072 shares of the electronics maker’s stock valued at $154,000 after purchasing an additional 5,120 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of CPS Technologies in the 2nd quarter worth approximately $269,000. Finally, Hillsdale Investment Management Inc. boosted its position in shares of CPS Technologies by 3,964.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 88,400 shares of the electronics maker’s stock worth $273,000 after purchasing an additional 86,225 shares in the last quarter. 11.18% of the stock is owned by hedge funds and other institutional investors.

CPS Technologies Company Profile

CPS Technologies Corporation develops and manufactures advanced materials and engineered components for demanding applications. The company specializes in lightweight metal matrix composites, ceramic matrix composites and other materials designed to provide combinations of strength, thermal conductivity, wear resistance and dimensional stability.

Its products and technologies are used in areas including defense, aerospace, power electronics, transportation and other industrial markets.