CPS Technologies (NASDAQ:CPSH) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

CPS Technologies Corp. (NASDAQ:CPSH) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.69 and traded as high as $5.70. CPS Technologies shares last traded at $5.19, with a volume of 360,159 shares.

Analyst Upgrades and Downgrades

CPSH has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of CPS Technologies in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of CPS Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Zacks Research upgraded shares of CPS Technologies to a “hold” rating in a research note on Friday, November 14th. Finally, Roth Mkm 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. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.00.

CPS Technologies Stock Down 6.3%

The firm has a market capitalization of $93.32 million, a price-to-earnings ratio of -129.75 and a beta of 1.26. The company’s 50 day moving average is $3.69 and its 200 day moving average is $3.50.

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

Institutional Trading of CPS Technologies

Several large investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in shares of CPS Technologies in the second quarter worth $98,000. GSA Capital Partners LLP acquired a new stake in CPS Technologies during the third quarter worth about $69,000. Dimensional Fund Advisors LP increased its holdings in CPS Technologies by 81.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock valued at $94,000 after buying an additional 11,808 shares during the period. CIBC Bancorp USA Inc. bought a new position in CPS Technologies in the 3rd quarter valued at about $789,000. Finally, IFP Advisors Inc raised its position in shares of CPS Technologies by 33.3% in the 3rd quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock valued at $71,000 after buying an additional 5,000 shares in the last quarter. 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.