CPS Technologies (NASDAQ:CPSH) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Shares of 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 $5.14 and traded as low as $3.95. CPS Technologies shares last traded at $4.08, with a volume of 257,151 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CPSH. Weiss Ratings downgraded CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 14th. Zacks Research upgraded shares of CPS Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Wall Street Zen cut shares of CPS Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.00.

CPS Technologies Stock Performance

The stock has a 50 day moving average price of $5.95 and a 200 day moving average price of $5.14.

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

Institutional Trading of CPS Technologies

A number of large investors have recently bought and sold shares of CPSH. Dimensional Fund Advisors LP lifted its position in shares of CPS Technologies by 81.2% during the 3rd 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. Jane Street Group LLC raised its stake 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 valued at $83,000 after acquiring an additional 14,822 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in CPS Technologies during the fourth quarter valued at about $94,000. XTX Topco Ltd purchased a new stake in CPS Technologies during the fourth quarter valued at about $95,000. Finally, NewEdge Advisors LLC boosted its position in CPS Technologies by 14.2% during the first quarter. NewEdge Advisors LLC now owns 41,072 shares of the electronics maker’s stock worth $154,000 after purchasing an additional 5,120 shares during the period. 11.18% of the stock is owned by hedge funds and other institutional investors.

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.