Wall Street Zen Downgrades CPS Technologies (NASDAQ:CPSH) to Sell

CPS Technologies (NASDAQ:CPSH) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

CPSH has been the topic of a number of other reports. Zacks Research raised shares of CPS Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Roth Capital reaffirmed a “buy” rating and set a $6.00 price target (up from $5.50) on shares of CPS Technologies in a research note on Wednesday, August 12th. Finally, Weiss Ratings lowered shares of CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 14th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.00.

CPS Technologies Price Performance

CPS Technologies stock opened at $4.33 on Friday. The business has a 50 day moving average of $5.13 and a 200-day moving average of $5.08. The company has a market capitalization of $83.96 million, a P/E ratio of -433.00 and a beta of 2.09. CPS Technologies has a 1 year low of $2.87 and a 1 year high of $14.39.

Institutional Investors Weigh In On CPS Technologies

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of CPS Technologies in the 2nd quarter valued at $2,352,000. GSA Capital Partners LLP acquired a new position in CPS Technologies in the second quarter valued at $269,000. Tema ETFs LLC lifted its holdings in CPS Technologies by 55,189.2% in the second quarter. Tema ETFs LLC now owns 1,506,077 shares of the electronics maker’s stock valued at $8,314,000 after buying an additional 1,503,353 shares during the period. NewEdge Advisors LLC boosted its position in CPS Technologies by 14.2% during the first quarter. NewEdge Advisors LLC now owns 41,072 shares of the electronics maker’s stock valued at $154,000 after acquiring an additional 5,120 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in CPS Technologies by 13.2% during the first quarter. Renaissance Technologies LLC now owns 248,958 shares of the electronics maker’s stock valued at $931,000 after acquiring an additional 29,100 shares during the last quarter. 11.18% of the stock is owned by institutional investors.

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.