CPS Technologies (NASDAQ:CPSH) Stock Rating Lowered by Wall Street Zen
by Kim Johansen · The Markets DailyCPS Technologies (NASDAQ:CPSH – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.
A number of other analysts have also weighed in on CPSH. Weiss Ratings reiterated a “sell (d-)” rating on shares of CPS Technologies in a report on Wednesday, October 8th. Zacks Research upgraded CPS Technologies to a “hold” rating in a report on Friday, November 14th. Finally, Roth Capital initiated coverage on CPS Technologies in a research report on Thursday, November 13th. They issued a “buy” rating and a $6.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.00.
Check Out Our Latest Stock Report on CPS Technologies
CPS Technologies Stock Performance
NASDAQ:CPSH opened at $3.23 on Friday. CPS Technologies has a fifty-two week low of $1.40 and a fifty-two week high of $4.89. The firm has a market cap of $58.08 million, a PE ratio of -80.75 and a beta of 1.29. The business has a 50 day moving average price of $3.56 and a 200-day moving average price of $3.25.
CPS Technologies (NASDAQ:CPSH – Get Free Report) last posted its quarterly earnings results on Friday, October 31st. The electronics maker reported $0.01 EPS for the quarter. The company had revenue of $8.80 million during the quarter. CPS Technologies had a negative net margin of 1.94% and a negative return on equity of 3.96%.
Insider Buying and Selling at CPS Technologies
In other news, Director Francis J. Hughes, Jr. bought 18,333 shares of CPS Technologies stock in a transaction on Wednesday, October 8th. The shares were purchased at an average price of $3.00 per share, for a total transaction of $54,999.00. Following the acquisition, the director owned 438,009 shares of the company’s stock, valued at approximately $1,314,027. The trade was a 4.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ivo James Cavoli bought 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The stock was purchased at an average cost of $3.00 per share, with a total value of $75,000.00. Following the transaction, the director directly owned 49,185 shares in the company, valued at approximately $147,555. This represents a 103.37% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 68,666 shares of company stock valued at $206,628. 15.40% of the stock is currently owned by corporate insiders.
Institutional Trading of CPS Technologies
Hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP bought a new position in shares of CPS Technologies in the 3rd quarter worth about $69,000. IFP Advisors Inc grew its holdings in 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 period. Dimensional Fund Advisors LP grew its holdings in 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 purchasing an additional 11,808 shares during the period. Jane Street Group LLC bought a new position in shares of CPS Technologies during the second quarter valued at approximately $98,000. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of CPS Technologies during the third quarter valued at approximately $789,000. Institutional investors 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.