CPS Technologies (NASDAQ:CPSH) Share Price Passes Above Fifty Day Moving Average – What’s Next?

CPS Technologies Corp. (NASDAQ:CPSH)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $6.14 and traded as high as $6.47. CPS Technologies shares last traded at $6.25, with a volume of 1,626,766 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on CPSH shares. Wall Street Zen lowered CPS Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Zacks Research lowered shares of CPS Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut shares of CPS Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $6.00.

CPS Technologies Stock Performance

The firm has a 50-day simple moving average of $6.14 and a two-hundred day simple moving average of $4.86.

CPS Technologies (NASDAQ:CPSH) last issued its quarterly earnings data on Tuesday, May 5th. The electronics maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). CPS Technologies had a net margin of 0.10% and a return on equity of 0.16%. The company had revenue of $7.03 million during the quarter, compared to analyst estimates of $8.63 million. Equities analysts anticipate that CPS Technologies Corp. will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CPSH. Round Rock Advisors LLC increased its holdings in shares of CPS Technologies by 316.7% during the 4th quarter. Round Rock Advisors LLC now owns 191,325 shares of the electronics maker’s stock valued at $591,000 after purchasing an additional 145,409 shares in the last quarter. Evernest Financial Advisors LLC purchased a new stake in CPS Technologies during the fourth quarter worth $449,000. Hillsdale Investment Management Inc. grew its position in CPS Technologies by 3,964.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 88,400 shares of the electronics maker’s stock valued at $273,000 after buying an additional 86,225 shares during the period. MYDA Advisors LLC acquired a new stake in CPS Technologies during the fourth quarter valued at $865,000. Finally, Perkins Capital Management Inc. purchased a new position in CPS Technologies in the fourth quarter valued at $624,000. 11.18% of the stock is owned by institutional investors and hedge funds.

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.