CPS Technologies (NASDAQ:CPSH) Stock Passes Above 200 Day Moving Average – Here’s Why

CPS Technologies Corp. (NASDAQ:CPSH) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.84 and traded as high as $4.48. CPS Technologies shares last traded at $4.31, with a volume of 174,290 shares.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CPSH shares. Roth Mkm initiated 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. Zacks Research upgraded shares of CPS Technologies to a “hold” rating in a research report on Friday, November 14th. Wall Street Zen upgraded shares of CPS Technologies from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of CPS Technologies in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, CPS Technologies has a consensus rating of “Hold” and an average target price of $6.00.

CPS Technologies Stock Down 0.9%

The business has a 50 day moving average price of $4.39 and a 200 day moving average price of $3.84. The stock has a market cap of $77.49 million, a P/E ratio of -107.75 and a beta of 1.55.

Institutional Trading of CPS Technologies

A number of large investors have recently made changes to their positions in CPSH. GSA Capital Partners LLP bought a new position in shares of CPS Technologies in the third quarter worth about $69,000. IFP Advisors Inc grew its stake in CPS Technologies by 33.3% in the 3rd 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. Jane Street Group LLC grew its stake in CPS Technologies by 122.5% in the 4th quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker’s stock worth $83,000 after acquiring an additional 14,822 shares in the last quarter. Salvus Wealth Management LLC purchased a new position in shares of CPS Technologies during the fourth quarter worth approximately $85,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of CPS Technologies during the fourth quarter valued at approximately $94,000. 11.18% of the stock is owned by hedge funds and other 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.