CPS Technologies (NASDAQ:CPSH) Upgraded to “Buy” at Wall Street Zen

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

Several other equities research analysts have also recently issued reports on CPSH. Roth Capital initiated coverage on CPS Technologies in a report on Thursday, November 13th. They issued a “buy” rating and a $6.00 price objective on the stock. Zacks Research upgraded CPS Technologies to a “hold” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reiterated 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.00.

CPS Technologies Stock Performance

NASDAQ:CPSH opened at $5.43 on Friday. The stock has a market capitalization of $97.63 million, a PE ratio of -135.75 and a beta of 1.26. CPS Technologies has a fifty-two week low of $1.40 and a fifty-two week high of $5.49. The company has a fifty day moving average of $3.44 and a two-hundred day moving average of $3.37.

CPS Technologies (NASDAQ:CPSH) last announced 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 business had revenue of $8.80 million for the quarter.

Institutional Investors Weigh In On CPS Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in CPSH. GSA Capital Partners LLP purchased a new position in CPS Technologies during the third quarter worth approximately $69,000. IFP Advisors Inc grew its holdings in CPS Technologies by 33.3% in the 3rd quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock valued at $71,000 after buying an additional 5,000 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 acquiring an additional 11,808 shares during the last quarter. Salvus Wealth Management LLC acquired a new stake in shares of CPS Technologies in the 4th quarter worth $85,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of CPS Technologies during the 4th quarter worth $94,000. Institutional investors and hedge funds own 11.18% of the company’s stock.

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.