CPS Technologies (NASDAQ:CPSH) Share Price Passes Below 200-Day Moving Average of $3.60

CPS Technologies Co. (NASDAQ:CPSHGet Rating) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.60 and traded as low as $3.11. CPS Technologies shares last traded at $3.35, with a volume of 78,106 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of CPS Technologies in a research report on Friday. They set a “hold” rating on the stock.

CPS Technologies Stock Up 8.8 %

The business’s 50 day moving average is $3.50 and its 200 day moving average is $3.60. The company has a market capitalization of $48.35 million, a price-to-earnings ratio of 12.89 and a beta of 1.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.35 and a current ratio of 3.45.

CPS Technologies (NASDAQ:CPSHGet Rating) last released its earnings results on Thursday, August 4th. The electronics maker reported $0.03 EPS for the quarter. The company had revenue of $7.07 million during the quarter. CPS Technologies had a net margin of 15.17% and a return on equity of 28.44%.

Institutional Trading of CPS Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in shares of CPS Technologies in the 2nd quarter valued at $67,000. PDT Partners LLC acquired a new position in shares of CPS Technologies in the 2nd quarter valued at $33,000. Millennium Management LLC lifted its stake in shares of CPS Technologies by 291.2% in the 2nd quarter. Millennium Management LLC now owns 65,456 shares of the electronics maker’s stock valued at $199,000 after purchasing an additional 48,725 shares during the period. Northern Trust Corp lifted its stake in shares of CPS Technologies by 32.7% in the 2nd quarter. Northern Trust Corp now owns 22,001 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 5,420 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of CPS Technologies by 125.4% in the 1st quarter. NewEdge Advisors LLC now owns 35,952 shares of the electronics maker’s stock valued at $187,000 after purchasing an additional 20,000 shares during the period. 9.96% of the stock is currently owned by institutional investors and hedge funds.

CPS Technologies Company Profile

(Get Rating)

CPS Technologies Corporation produces and sells advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets. It primarily offers metal matrix composites that are a combination of metal and ceramic, 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 heatspreaders used with integrated circuits for use in internet switches and routers.

Further Reading

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