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

CPS Technologies Corp. (NASDAQ:CPSH) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.27 and traded as low as $3.13. CPS Technologies shares last traded at $3.13, with a volume of 98,531 shares trading hands.

Analyst Ratings Changes

CPSH has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of CPS Technologies in a research note on Wednesday, October 8th. Wall Street Zen cut shares of CPS Technologies from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Zacks Research raised shares of CPS Technologies to a “hold” rating in a report on Friday, November 14th. Finally, Roth Capital assumed coverage on shares of CPS Technologies in a research note on Thursday, November 13th. They issued a “buy” rating and a $6.00 target price on the stock. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, CPS Technologies currently has a consensus rating of “Hold” and a consensus target price of $6.00.

CPS Technologies Stock Down 2.5%

The stock has a market capitalization of $56.28 million, a P/E ratio of -78.25 and a beta of 1.29. The company has a 50 day moving average of $3.44 and a 200-day moving average of $3.27.

CPS Technologies (NASDAQ:CPSH) last released its earnings results on Friday, October 31st. The electronics maker reported $0.01 earnings per share 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.

Insiders Place Their Bets

In other CPS Technologies news, Director Francis J. Hughes, Jr. bought 18,333 shares of the business’s stock in a transaction on Wednesday, October 8th. The shares were purchased at an average price of $3.00 per share, with a total value of $54,999.00. Following the completion of the acquisition, the director directly owned 438,009 shares of the company’s stock, valued at approximately $1,314,027. The trade was a 4.37% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian T. Mackey bought 16,500 shares of the stock in a transaction dated Wednesday, October 8th. The shares were bought at an average cost of $3.00 per share, with a total value of $49,500.00. Following the completion of the acquisition, the chief executive officer directly owned 36,500 shares of the company’s stock, valued at approximately $109,500. The trade was a 82.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 68,666 shares of company stock valued at $206,628 over the last quarter. Insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On CPS Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP bought a new position in shares of CPS Technologies during the third quarter worth about $69,000. IFP Advisors Inc boosted its stake in CPS Technologies by 33.3% during the 3rd quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock valued at $71,000 after purchasing an additional 5,000 shares during the period. Dimensional Fund Advisors LP grew its position in CPS Technologies by 81.2% in 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. Jane Street Group LLC bought a new position in CPS Technologies in the 2nd quarter worth about $98,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of CPS Technologies in the third quarter valued at approximately $789,000. 11.18% of the stock is currently owned by institutional investors.

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.