CPS Technologies (NASDAQ:CPSH) Releases Earnings Results, Misses Expectations By $0.03 EPS

CPS Technologies (NASDAQ:CPSH) issued its quarterly earnings results on Monday. The electronics maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03), Zacks reports. CPS Technologies had a return on equity of 2.43% and a net margin of 1.29%.The business had revenue of $7.03 million for the quarter, compared to the consensus estimate of $8.63 million.

CPS Technologies Trading Down 0.6%

CPSH opened at $4.94 on Tuesday. The firm has a market cap of $88.95 million, a price-to-earnings ratio of 164.72 and a beta of 1.77. CPS Technologies has a 12 month low of $1.60 and a 12 month high of $6.85. The stock has a fifty day moving average price of $4.36 and a 200-day moving average price of $4.11.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in shares of CPS Technologies in the 4th quarter worth $95,000. Polar Asset Management Partners Inc. bought a new position in shares of CPS Technologies in the 4th quarter worth $1,022,000. Kennedy Capital Management LLC bought a new position in shares of CPS Technologies in the 4th quarter worth $588,000. Marshall Wace LLP raised its position in shares of CPS Technologies by 199.4% in the 4th quarter. Marshall Wace LLP now owns 127,322 shares of the electronics maker’s stock worth $393,000 after acquiring an additional 84,799 shares in the last quarter. Finally, State Street Corp raised its position in shares of CPS Technologies by 36.3% in the 4th quarter. State Street Corp now owns 48,708 shares of the electronics maker’s stock worth $151,000 after acquiring an additional 12,984 shares in the last quarter. 11.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CPSH. Wall Street Zen lowered CPS Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings raised CPS Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.00.

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.