CPS Technologies (NASDAQ:CPSH) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

CPS Technologies Corp. (NASDAQ:CPSH)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.92 and traded as low as $3.63. CPS Technologies shares last traded at $3.89, with a volume of 68,515 shares.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CPSH shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CPS Technologies in a report on Wednesday, January 21st. Wall Street Zen downgraded CPS Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, CPS Technologies currently has a consensus rating of “Hold” and an average target price of $6.00.

CPS Technologies Price Performance

The company has a market capitalization of $69.98 million, a price-to-earnings ratio of 129.71 and a beta of 1.31. The business’s 50-day moving average price is $4.68 and its two-hundred day moving average price is $3.92.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP bought a new stake in CPS Technologies during the third quarter worth about $69,000. IFP Advisors Inc grew its stake in CPS Technologies by 33.3% during the third quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock worth $71,000 after buying an additional 5,000 shares in the last quarter. Jane Street Group LLC increased its holdings in CPS Technologies by 122.5% in the 4th quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker’s stock valued at $83,000 after buying an additional 14,822 shares during the period. Salvus Wealth Management LLC bought a new position in CPS Technologies in the 4th quarter valued at about $85,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of CPS Technologies in the 4th quarter valued at approximately $94,000. Institutional investors own 11.18% of the company’s stock.

CPS Technologies Company Profile

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.