CPS Technologies (NASDAQ:CPSH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CPS Technologies (NASDAQ:CPSH) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Other analysts also recently issued research reports about the stock. Roth Capital began coverage on shares of CPS Technologies in a report on Thursday, November 13th. They issued a “buy” rating and a $6.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of CPS Technologies in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded CPS Technologies to a “hold” rating in a research note on Friday, November 14th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.00.

CPS Technologies Trading Up 12.9%

CPS Technologies stock opened at $5.43 on Friday. The firm’s fifty day moving average price is $3.48 and its two-hundred day moving average price is $3.39. The firm has a market capitalization of $97.63 million, a price-to-earnings ratio of -135.75 and a beta of 1.26. CPS Technologies has a 1-year low of $1.40 and a 1-year high of $5.49.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CPSH. CIBC Bancorp USA Inc. purchased a new stake in shares of CPS Technologies in the third quarter worth about $789,000. Jane Street Group LLC purchased a new stake in shares of CPS Technologies in the second quarter worth $98,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of CPS Technologies in the fourth quarter worth $94,000. Salvus Wealth Management LLC bought a new stake in CPS Technologies during the fourth quarter valued at $85,000. Finally, Dimensional Fund Advisors LP grew its position in CPS Technologies by 81.2% during the third quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock worth $94,000 after buying an additional 11,808 shares in the last quarter. Hedge funds and other institutional investors 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.