CPS Technologies Target of Unusually Large Options Trading (NASDAQ:CPSH)

CPS Technologies Corp. (NASDAQ:CPSH) saw some unusual options trading activity on Monday. Stock investors purchased 5,125 call options on the stock. This is an increase of approximately 216% compared to the typical daily volume of 1,622 call options.

CPS Technologies Price Performance

NASDAQ:CPSH opened at $3.98 on Tuesday. CPS Technologies has a 1-year low of $2.53 and a 1-year high of $14.39. The business’s 50-day moving average price is $6.21 and its two-hundred day moving average price is $5.15.

CPS Technologies (NASDAQ:CPSH) last issued its earnings results on Tuesday, May 5th. The electronics maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The company had revenue of $7.03 million for the quarter, compared to the consensus estimate of $8.63 million. CPS Technologies had a return on equity of 0.16% and a net margin of 0.10%. Analysts predict that CPS Technologies will post 0.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

CPSH has been the subject of several analyst reports. Wall Street Zen cut shares of CPS Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Zacks Research raised shares of CPS Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Weiss Ratings lowered shares of CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. IFP Advisors Inc increased its stake in CPS Technologies by 33.3% in the third quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock valued at $71,000 after purchasing an additional 5,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its position 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 worth $94,000 after purchasing an additional 11,808 shares in the last quarter. Jane Street Group LLC boosted its position in shares of CPS Technologies by 122.5% during the fourth quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker’s stock worth $83,000 after purchasing an additional 14,822 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of CPS Technologies in the 4th quarter valued at $94,000. Finally, XTX Topco Ltd acquired a new position in shares of CPS Technologies in the 4th quarter valued at $95,000. Institutional investors and hedge funds 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.