CPS Technologies (NASDAQ:CPSH) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

CPS Technologies Corp. (NASDAQ:CPSH) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.27 and traded as low as $3.13. CPS Technologies shares last traded at $3.13, with a volume of 98,531 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CPSH shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CPS Technologies in a research report on Wednesday, October 8th. Roth Capital assumed coverage on shares of CPS Technologies in a report on Thursday, November 13th. They issued a “buy” rating and a $6.00 price target on the stock. Wall Street Zen downgraded CPS Technologies from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Zacks Research raised CPS Technologies to a “hold” rating in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.00.

CPS Technologies Price Performance

The firm’s 50-day moving average price is $3.44 and its 200-day moving average price is $3.27. The company has a market cap of $56.28 million, a price-to-earnings ratio of -78.25 and a beta of 1.29.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Friday, October 31st. The electronics maker reported $0.01 earnings per share for the quarter. CPS Technologies had a negative net margin of 1.94% and a negative return on equity of 3.96%. The firm had revenue of $8.80 million during the quarter.

Insider Transactions at CPS Technologies

In related news, CEO Brian T. Mackey bought 16,500 shares of the stock in a transaction dated Wednesday, October 8th. The stock was acquired at an average price of $3.00 per share, for a total transaction of $49,500.00. Following the completion of the purchase, the chief executive officer owned 36,500 shares in the company, valued at $109,500. This represents a 82.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Francis J. Hughes, Jr. bought 18,333 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The shares were bought at an average price of $3.00 per share, for a total transaction of $54,999.00. Following the completion of the acquisition, the director owned 438,009 shares in the company, valued at approximately $1,314,027. This trade represents a 4.37% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 68,666 shares of company stock valued at $206,628 over the last quarter. Company insiders own 15.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in CPS Technologies during the 3rd quarter valued at $69,000. IFP Advisors Inc grew its stake in shares of CPS Technologies by 33.3% during the third quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock valued at $71,000 after acquiring an additional 5,000 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of CPS Technologies by 81.2% during the third quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock valued at $94,000 after acquiring an additional 11,808 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of CPS Technologies during the second quarter worth about $98,000. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of CPS Technologies in the third quarter worth about $789,000. 11.18% of the stock is owned by institutional investors and hedge funds.

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.