Wall Street Zen Upgrades CPS Technologies (NASDAQ:CPSH) to Buy

CPS Technologies (NASDAQ:CPSH) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other analysts have also recently issued reports about the stock. Zacks Research upgraded shares of CPS Technologies to a “hold” rating in a research note on Friday, November 14th. Roth Capital initiated coverage on shares of CPS Technologies in a report on Thursday, November 13th. They set a “buy” rating and a $6.00 target price for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of CPS Technologies in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.00.

CPS Technologies Stock Performance

CPS Technologies stock opened at $5.43 on Friday. The business’s 50-day simple moving average is $3.44 and its two-hundred day simple moving average is $3.37. The company has a market cap of $97.63 million, a PE ratio of -135.75 and a beta of 1.26. CPS Technologies has a fifty-two week low of $1.40 and a fifty-two week high of $5.49.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in shares of CPS Technologies during the 3rd quarter worth about $69,000. IFP Advisors Inc raised its holdings in CPS Technologies by 33.3% in the 3rd 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. Salvus Wealth Management LLC acquired a new position in CPS Technologies in the 4th quarter worth about $85,000. Dimensional Fund Advisors LP boosted its position in CPS Technologies by 81.2% during 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in CPS Technologies in the fourth quarter valued at approximately $94,000. Hedge funds and other institutional investors own 11.18% of the company’s stock.

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.