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

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

A number of other research firms have also weighed in on CPSH. Weiss Ratings cut CPS Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. Wall Street Zen cut CPS Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock 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 one year low of $2.10 and a one year high of $14.39. The company’s 50-day simple moving average is $6.19 and its two-hundred day simple moving average is $5.01.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly 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 business had revenue of $7.03 million during the quarter, compared to analysts’ expectations of $8.63 million. CPS Technologies had a return on equity of 0.16% and a net margin of 0.10%. Analysts predict that CPS Technologies will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On CPS Technologies

Institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc grew its stake in shares of CPS Technologies by 33.3% during 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 last quarter. Dimensional Fund Advisors LP boosted its stake in CPS Technologies by 81.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock worth $94,000 after purchasing an additional 11,808 shares in the last quarter. Jane Street Group LLC boosted its stake in CPS Technologies by 122.5% in the 4th 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 in the last quarter. Salvus Wealth Management LLC purchased a new stake in CPS Technologies during the 4th quarter worth approximately $85,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in CPS Technologies during the 4th quarter valued at approximately $94,000. Institutional investors and hedge funds own 11.18% of the company’s stock.

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.