CPS Technologies (NASDAQ:CPSH) Stock Rating Lowered by Wall Street Zen

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

A number of other research analysts have also weighed in on the stock. Zacks Research raised shares of CPS Technologies to a “hold” rating in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CPS Technologies in a research report on Wednesday, January 21st. Finally, Roth Mkm initiated coverage on shares of CPS Technologies in a research note on Thursday, November 13th. They issued a “buy” rating and a $6.00 price objective for the company. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, CPS Technologies has a consensus rating of “Hold” and a consensus target price of $6.00.

CPS Technologies Trading Down 4.3%

Shares of CPSH stock opened at $3.81 on Friday. The firm has a fifty day simple moving average of $4.56 and a two-hundred day simple moving average of $3.88. CPS Technologies has a 12 month low of $1.40 and a 12 month high of $6.85. The firm has a market capitalization of $68.54 million, a PE ratio of 127.04 and a beta of 1.31.

CPS Technologies (NASDAQ:CPSH) last released its quarterly earnings data on Tuesday, March 3rd. The electronics maker reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). CPS Technologies had a net margin of 1.29% and a return on equity of 2.43%. The business had revenue of $8.21 million during the quarter, compared to the consensus estimate of $9.46 million.

Institutional Investors Weigh In On CPS Technologies

Institutional investors have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. purchased a new stake in shares of CPS Technologies during the fourth quarter worth $1,022,000. MYDA Advisors LLC purchased a new position in shares of CPS Technologies in the fourth quarter valued at $865,000. CIBC Bancorp USA Inc. bought a new stake in shares of CPS Technologies during the 3rd quarter valued at $789,000. Perkins Capital Management Inc. purchased a new stake in CPS Technologies during the 4th quarter worth about $624,000. Finally, Kennedy Capital Management LLC purchased a new stake in CPS Technologies during the 4th quarter worth about $588,000. 11.18% of the stock is owned by hedge funds and other institutional investors.

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.