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

CPS Technologies (NASDAQ:CPSH) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

CPSH has been the subject of a number of other reports. Roth Capital initiated coverage on CPS Technologies in a report on Thursday, November 13th. They set a “buy” rating and a $6.00 price objective for the company. Zacks Research raised shares of CPS Technologies to a “hold” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of CPS Technologies in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.00.

CPS Technologies Trading Up 1.9%

CPS Technologies stock opened at $3.23 on Friday. The stock has a fifty day moving average price of $3.56 and a 200 day moving average price of $3.25. CPS Technologies has a 52 week low of $1.40 and a 52 week high of $4.89. The firm has a market capitalization of $58.08 million, a P/E ratio of -80.75 and a beta of 1.29.

CPS Technologies (NASDAQ:CPSH) last released its earnings results on Friday, October 31st. The electronics maker reported $0.01 earnings per share (EPS) for the quarter. CPS Technologies had a negative net margin of 1.94% and a negative return on equity of 3.96%. The firm had revenue of $8.80 million during the quarter.

Insider Activity

In other news, CEO Brian T. Mackey purchased 16,500 shares of the stock in a transaction that occurred on Wednesday, October 8th. The stock was acquired at an average cost of $3.00 per share, with a total value of $49,500.00. Following the acquisition, the chief executive officer owned 36,500 shares in the company, valued at approximately $109,500. This trade represents a 82.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Francis J. Hughes, Jr. purchased 18,333 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The shares were purchased at an average cost of $3.00 per share, for a total transaction of $54,999.00. Following the purchase, the director directly owned 438,009 shares in the company, valued at $1,314,027. This trade represents a 4.37% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 68,666 shares of company stock worth $206,628 over the last 90 days. Company insiders own 15.60% of the company’s stock.

Institutional Trading of CPS Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of CPSH. IFP Advisors Inc lifted its stake 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 acquiring an additional 5,000 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in CPS Technologies by 81.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock worth $94,000 after purchasing an additional 11,808 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of CPS Technologies in the 3rd quarter valued at approximately $69,000. Jane Street Group LLC purchased a new position in shares of CPS Technologies during the 2nd quarter valued at approximately $98,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of CPS Technologies during the third quarter worth approximately $789,000. 11.18% of the stock is owned by hedge funds and other 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.