CPS Technologies (NASDAQ:CPSH) Raised to “Hold” at Zacks Research

CPS Technologies (NASDAQ:CPSH) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

CPSH has been the topic of several other research reports. Weiss Ratings downgraded CPS Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. Wall Street Zen lowered shares of CPS Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. 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. According to MarketBeat.com, CPS Technologies presently has an average rating of “Hold” and an average target price of $6.00.

CPS Technologies Stock Performance

CPS Technologies stock opened at $4.69 on Monday. The company’s 50-day moving average price is $6.19 and its 200-day moving average price is $5.01. CPS Technologies has a twelve month low of $2.10 and a twelve month high of $14.39.

CPS Technologies (NASDAQ:CPSH) last released its quarterly earnings results on Tuesday, May 5th. The electronics maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). CPS Technologies had a return on equity of 0.16% and a net margin of 0.10%.The company had revenue of $7.03 million during the quarter, compared to analysts’ expectations of $8.63 million. As a group, equities analysts forecast that CPS Technologies will post 0.04 EPS for the current year.

Institutional Trading of CPS Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc grew its holdings in shares of CPS Technologies by 33.3% in the third quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock worth $71,000 after purchasing an additional 5,000 shares during the last quarter. Jane Street Group LLC increased its position in shares of CPS Technologies by 122.5% during the fourth quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker’s stock worth $83,000 after acquiring an additional 14,822 shares during the period. Salvus Wealth Management LLC bought a new stake in shares of CPS Technologies during the fourth quarter valued at approximately $85,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of CPS Technologies in the fourth quarter valued at approximately $94,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of CPS Technologies by 81.2% in the third quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock valued at $94,000 after purchasing an additional 11,808 shares during the period. 11.18% of the stock is currently owned by institutional investors.

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.