CPS Technologies (NASDAQ:CPSH) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of CPS Technologies (NASDAQ:CPSH) from a hold rating to a sell rating in a research note issued to investors on Sunday morning.

Several other research firms also recently commented on CPSH. 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 downgraded shares of CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 14th. Finally, Roth Capital restated a “buy” rating and issued a $6.00 price objective (up from $5.50) on shares of CPS Technologies in a research note on Wednesday. One research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.00.

CPS Technologies Price Performance

NASDAQ:CPSH opened at $4.31 on Friday. The stock’s 50 day moving average price is $5.20 and its 200 day moving average price is $5.08. The company has a market capitalization of $83.56 million, a PE ratio of -431.00 and a beta of 2.09. CPS Technologies has a 52-week low of $2.87 and a 52-week high of $14.39.

Hedge Funds Weigh In On CPS Technologies

Several institutional investors have recently bought and sold shares of CPSH. Tema ETFs LLC boosted its holdings in shares of CPS Technologies by 55,189.2% in the second quarter. Tema ETFs LLC now owns 1,506,077 shares of the electronics maker’s stock valued at $8,314,000 after acquiring an additional 1,503,353 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of CPS Technologies in the 2nd quarter valued at approximately $2,352,000. Polar Asset Management Partners Inc. acquired a new stake in shares of CPS Technologies in the 4th quarter valued at approximately $1,022,000. MYDA Advisors LLC purchased a new stake in shares of CPS Technologies in the fourth quarter valued at approximately $865,000. Finally, Renaissance Technologies LLC boosted its stake in shares of CPS Technologies by 13.2% in the first quarter. Renaissance Technologies LLC now owns 248,958 shares of the electronics maker’s stock valued at $931,000 after buying an additional 29,100 shares in the last quarter. 11.18% of the stock is owned by institutional investors and hedge funds.

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.