CPS Technologies (NASDAQ:CPSH) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of CPS Technologies (NASDAQ:CPSH) from a hold rating to a buy rating in a research report released on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of CPS Technologies in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CPS Technologies currently has a consensus rating of “Sell”.

CPS Technologies Price Performance

Shares of CPSH opened at $3.32 on Friday. CPS Technologies has a 1-year low of $1.39 and a 1-year high of $4.89. The company has a market capitalization of $59.69 million, a P/E ratio of -83.00 and a beta of 1.57. The firm’s 50 day simple moving average is $3.71 and its 200 day simple moving average is $3.00.

CPS Technologies (NASDAQ:CPSH) last issued its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $0.01 EPS for the quarter. The firm had revenue of $8.80 million for the quarter. CPS Technologies had a negative net margin of 1.94% and a negative return on equity of 3.99%.

Insider Transactions at CPS Technologies

In related news, Director Francis J. Hughes, Jr. purchased 18,333 shares of the firm’s stock in a transaction on Wednesday, October 8th. The shares were acquired at an average cost of $3.00 per share, with a total value of $54,999.00. Following the purchase, the director directly owned 438,009 shares of the company’s stock, valued at approximately $1,314,027. This trade represents a 4.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian T. Mackey bought 16,500 shares of the business’s stock in a transaction dated Wednesday, October 8th. The stock was purchased at an average price of $3.00 per share, for a total transaction of $49,500.00. Following the acquisition, the chief executive officer directly owned 36,500 shares of the company’s stock, valued at approximately $109,500. The trade was a 82.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 71,433 shares of company stock worth $214,012. Company insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On CPS Technologies

A number of large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of CPS Technologies during the first quarter valued at about $32,000. Jane Street Group LLC purchased a new position in CPS Technologies during the 2nd quarter valued at about $98,000. Finally, GSA Capital Partners LLP purchased a new position in CPS Technologies during the 3rd quarter valued at about $69,000. Institutional investors own 11.18% of the company’s stock.

About CPS Technologies

CPS Technologies Corporation provides advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets in the United States, Europe, and Asia. The company offers metal matrix composites such as baseplates for various applications, including motor controllers used in electric trains, subway cars, wind turbines, and hybrid and electric vehicles; hermetic packages for use in radar, satellite, and avionics applications; baseplates and housings used in modules built with wide band gap semiconductors; and lids and heat spreaders for use in internet switches and routers.