CPS Technologies (NASDAQ:CPSH) Stock Price Passes Below 200-Day Moving Average – What’s Next?

CPS Technologies Corp. (NASDAQ:CPSH)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.97 and traded as low as $3.59. CPS Technologies shares last traded at $3.67, with a volume of 663,085 shares changing hands.

Analyst Upgrades and Downgrades

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

CPS Technologies Trading Up 3.8%

The stock has a market cap of $74.46 million, a price-to-earnings ratio of -384.00 and a beta of 2.11. The stock has a 50-day moving average price of $4.42 and a two-hundred day moving average price of $4.97.

Institutional Investors Weigh In On CPS Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Tema ETFs LLC grew its stake in shares of CPS Technologies by 55,189.2% during the second quarter. Tema ETFs LLC now owns 1,506,077 shares of the electronics maker’s stock worth $8,314,000 after acquiring an additional 1,503,353 shares during the last quarter. BlackRock Inc. purchased a new position 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 CPS Technologies in the 4th quarter worth approximately $1,022,000. MYDA Advisors LLC purchased a new stake in CPS Technologies during the 4th quarter worth approximately $865,000. Finally, Renaissance Technologies LLC increased its stake in CPS Technologies by 13.2% during the 1st quarter. Renaissance Technologies LLC now owns 248,958 shares of the electronics maker’s stock valued at $931,000 after purchasing an additional 29,100 shares in the last quarter. Institutional investors and hedge funds own 11.18% of the company’s stock.

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.