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

CPS Technologies Corp. (NASDAQ:CPSH)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.01 and traded as low as $3.77. CPS Technologies shares last traded at $3.86, with a volume of 195,794 shares traded.

Wall Street Analysts Forecast Growth

CPSH has been the subject of several analyst reports. Wall Street Zen lowered CPS Technologies from a “hold” rating to a “sell” rating in a research note on Sunday, August 16th. Weiss Ratings lowered CPS Technologies from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, August 14th. Roth Capital restated a “buy” rating and issued a $6.00 price target (up from $5.50) on shares of CPS Technologies in a research report on Wednesday, August 12th. Finally, Zacks Research raised CPS Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.00.

CPS Technologies Price Performance

The stock’s 50-day simple moving average is $4.71 and its two-hundred day simple moving average is $5.01. The firm has a market capitalization of $75.03 million, a P/E ratio of -387.00 and a beta of 2.09.

Institutional Investors Weigh In On CPS Technologies

A number of institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in CPS Technologies during the second quarter valued at about $98,000. Dimensional Fund Advisors LP boosted its stake in shares of CPS Technologies by 81.2% in the third 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 period. CIBC Bancorp USA Inc. purchased a new stake in shares of CPS Technologies during the third quarter worth about $789,000. Aries Wealth Management purchased a new stake in shares of CPS Technologies during the fourth quarter worth about $136,000. Finally, Perkins Capital Management Inc. bought a new stake in CPS Technologies during the 4th quarter valued at approximately $624,000. Hedge funds and other institutional investors own 11.18% of the company’s stock.

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.