CPS Technologies Co. (NASDAQ:CPSH – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.81 and traded as low as $2.39. CPS Technologies shares last traded at $2.40, with a volume of 11,481 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of CPS Technologies in a report on Tuesday, November 7th. They set a “hold” rating on the stock.
CPS Technologies Stock Up 1.1 %
Hedge Funds Weigh In On CPS Technologies
Hedge funds have recently bought and sold shares of the business. PDT Partners LLC acquired a new position in shares of CPS Technologies during the 2nd quarter valued at $33,000. Jane Street Group LLC acquired a new position in shares of CPS Technologies during the 2nd quarter valued at $67,000. Northern Trust Corp lifted its position in shares of CPS Technologies by 32.7% during the 2nd quarter. Northern Trust Corp now owns 22,001 shares of the electronics maker’s stock valued at $68,000 after acquiring an additional 5,420 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of CPS Technologies by 26.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 33,583 shares of the electronics maker’s stock valued at $94,000 after acquiring an additional 7,031 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of CPS Technologies by 125.4% during the 1st quarter. NewEdge Advisors LLC now owns 35,952 shares of the electronics maker’s stock valued at $187,000 after acquiring an additional 20,000 shares during the period. 11.33% of the stock is owned by institutional investors.
CPS Technologies Company Profile
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 for use in internet switches and routers.
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