CPS Technologies (NASDAQ:CPSH) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of CPS Technologies (NASDAQ:CPSH) from a buy rating to a hold rating in a report published on Saturday morning.

CPSH has been the subject of several other research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of CPS Technologies in a research note on Wednesday, January 21st. Roth Mkm started coverage on shares of CPS Technologies in a research report on Thursday, November 13th. They set a “buy” rating and a $6.00 target price on the stock. Finally, Zacks Research raised shares of CPS Technologies to a “hold” rating in a report on Friday, November 14th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.00.

CPS Technologies Price Performance

Shares of CPSH stock opened at $3.82 on Friday. The business’s fifty day moving average price is $4.58 and its 200 day moving average price is $3.90. The firm has a market capitalization of $68.72 million, a PE ratio of 127.38 and a beta of 1.31. CPS Technologies has a 1-year low of $1.40 and a 1-year high of $6.85.

CPS Technologies (NASDAQ:CPSH) last released its earnings results on Tuesday, March 3rd. The electronics maker reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). CPS Technologies had a net margin of 1.29% and a return on equity of 2.43%. The business had revenue of $8.21 million during the quarter, compared to analyst estimates of $9.46 million.

Institutional Investors Weigh In On CPS Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Polar Asset Management Partners Inc. acquired a new stake in CPS Technologies in the 4th quarter valued at about $1,022,000. MYDA Advisors LLC acquired a new position in CPS Technologies during the fourth quarter worth about $865,000. CIBC Bancorp USA Inc. acquired a new position in CPS Technologies during the third quarter worth about $789,000. Renaissance Technologies LLC lifted its holdings in shares of CPS Technologies by 115.3% in the fourth quarter. Renaissance Technologies LLC now owns 219,858 shares of the electronics maker’s stock valued at $679,000 after purchasing an additional 117,746 shares in the last quarter. Finally, Perkins Capital Management Inc. purchased a new stake in shares of CPS Technologies in the fourth quarter valued at about $624,000. 11.18% of the stock is currently 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.