CPS Technologies (NASDAQ:CPSH) Raised to Hold at Zacks Research

CPS Technologies (NASDAQ:CPSH) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms also recently issued reports on CPSH. Wall Street Zen downgraded shares of CPS Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings lowered CPS Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. One 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.00.

CPS Technologies Price Performance

NASDAQ CPSH opened at $4.69 on Monday. CPS Technologies has a 12 month low of $2.10 and a 12 month high of $14.39. The stock’s 50 day moving average is $6.19 and its 200 day moving average is $5.01.

CPS Technologies (NASDAQ:CPSH) last posted its earnings results on Tuesday, May 5th. The electronics maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). The company had revenue of $7.03 million for the quarter, compared to analysts’ expectations of $8.63 million. CPS Technologies had a net margin of 0.10% and a return on equity of 0.16%. As a group, equities research analysts expect that CPS Technologies will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CPS Technologies

Several hedge funds have recently made changes to their positions in the company. IFP Advisors Inc lifted its stake in CPS Technologies by 33.3% in the third 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 during the period. Jane Street Group LLC grew its holdings in CPS Technologies by 122.5% in the fourth quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker’s stock worth $83,000 after purchasing an additional 14,822 shares during the last quarter. Salvus Wealth Management LLC purchased a new position in CPS Technologies during the 4th quarter worth $85,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of CPS Technologies during the fourth quarter valued at about $94,000. Finally, Dimensional Fund Advisors LP increased its stake in CPS Technologies by 81.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock valued at $94,000 after purchasing an additional 11,808 shares in the last quarter. 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.