CPS Technologies (NASDAQ:CPSH) Stock Price Breaks Below Two Hundred Day Moving Average – Should You Sell?

CPS Technologies Corp. (NASDAQ:CPSH)’s share price passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $4.89 and traded as low as $3.35. CPS Technologies shares last traded at $3.47, with a volume of 735,878 shares trading hands.

Analyst Ratings Changes

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

CPS Technologies Trading Up 0.9%

The company has a market cap of $68.06 million, a P/E ratio of -351.00 and a beta of 2.09. The stock’s 50-day moving average price is $3.84 and its 200-day moving average price is $4.89.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CPSH. Tidal Investments LLC bought a new stake in shares of CPS Technologies during the second quarter valued at approximately $8,314,000. Engineers Gate Manager LP acquired a new position in shares of CPS Technologies during the second quarter worth approximately $116,000. BlackRock Inc. acquired a new position in shares of CPS Technologies during the second quarter worth approximately $2,352,000. GSA Capital Partners LLP bought a new position in shares of CPS Technologies in the 2nd quarter worth $269,000. Finally, Tema ETFs LLC lifted its holdings in shares of CPS Technologies by 55,189.2% in the 2nd quarter. Tema ETFs LLC now owns 1,506,077 shares of the electronics maker’s stock worth $8,314,000 after purchasing an additional 1,503,353 shares in the last quarter. 11.18% of the stock is owned by institutional investors and hedge funds.

CPS Technologies Company Profile

CPS Technologies Corporation (NASDAQ: CPSH) develops and manufactures advanced material solutions for demanding industrial, defense, aerospace, transportation, and electronics applications. The company specializes in engineered composites and ceramics designed to provide combinations of thermal management, lightweight strength, durability, and ballistic protection.

Its product offerings include aluminum silicon carbide (AlSiC) metal matrix composites, ceramic armor systems, and other structural ceramic and composite components.