CPS Technologies Sees Unusually Large Options Volume (NASDAQ:CPSH)

CPS Technologies Corp. (NASDAQ:CPSH) saw unusually large options trading on Wednesday. Stock investors purchased 1,896 call options on the stock. This is an increase of approximately 176% compared to the typical daily volume of 687 call options.

CPS Technologies Stock Up 12.0%

Shares of CPSH traded up $1.34 during mid-day trading on Wednesday, hitting $12.46. The company’s stock had a trading volume of 4,598,659 shares, compared to its average volume of 657,250. CPS Technologies has a 1-year low of $2.10 and a 1-year high of $14.09. The firm has a 50-day simple moving average of $4.63 and a 200 day simple moving average of $4.23.

CPS Technologies (NASDAQ:CPSH) last issued its earnings results on Monday, May 4th. The electronics maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The company had revenue of $7.03 million during 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%. On average, equities analysts anticipate that CPS Technologies will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of CPS Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Round Rock Advisors LLC grew its holdings in CPS Technologies by 316.7% in the 4th quarter. Round Rock Advisors LLC now owns 191,325 shares of the electronics maker’s stock valued at $591,000 after buying an additional 145,409 shares during the period. Perkins Capital Management Inc. acquired a new stake in shares of CPS Technologies in the fourth quarter worth approximately $624,000. Aries Wealth Management purchased a new stake in CPS Technologies in the fourth quarter valued at approximately $136,000. Sei Investments Co. grew its holdings in CPS Technologies by 54.1% in the first quarter. Sei Investments Co. now owns 186,790 shares of the electronics maker’s stock valued at $699,000 after purchasing an additional 65,582 shares during the period. Finally, NewEdge Advisors LLC increased 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 worth $154,000 after purchasing an additional 5,120 shares during the last quarter. Hedge funds and other institutional investors own 11.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CPSH. Zacks Research downgraded CPS Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered shares of CPS Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $6.00.

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.