CPS Technologies (NASDAQ:CPSH) Shares Pass Above 200-Day Moving Average – Time to Sell?

CPS Technologies Corp. (NASDAQ:CPSH)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.84 and traded as high as $4.48. CPS Technologies shares last traded at $4.31, with a volume of 174,290 shares changing hands.

Analysts Set New Price Targets

CPSH has been the subject of a number of recent research reports. Zacks Research upgraded CPS Technologies to a “hold” rating in a research note on Friday, November 14th. Wall Street Zen raised shares of CPS Technologies from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Roth Mkm assumed 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 for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of CPS Technologies in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.00.

CPS Technologies Trading Down 0.9%

The firm has a 50 day moving average of $4.39 and a 200-day moving average of $3.84. The company has a market cap of $77.49 million, a P/E ratio of -107.75 and a beta of 1.55.

Institutional Trading of CPS Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new stake in CPS Technologies in the 3rd quarter worth $69,000. IFP Advisors Inc increased its holdings in shares of 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 purchasing an additional 5,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position 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 buying an additional 11,808 shares in the last quarter. Jane Street Group LLC boosted its stake in CPS Technologies by 122.5% during the fourth quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker’s stock valued at $83,000 after buying an additional 14,822 shares during the last quarter. Finally, Salvus Wealth Management LLC purchased a new position in CPS Technologies during the 4th quarter valued at approximately $85,000. 11.18% of the stock is currently 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.