CPS Technologies (NASDAQ:CPSH) Posts Earnings Results, Misses Estimates By $0.03 EPS

CPS Technologies (NASDAQ:CPSH) issued its quarterly earnings data on Monday. The electronics maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03), Zacks reports. CPS Technologies had a net margin of 1.29% and a return on equity of 2.43%.

CPS Technologies Stock Performance

Shares of NASDAQ:CPSH traded down $0.03 on Monday, reaching $4.94. The company’s stock had a trading volume of 575,897 shares, compared to its average volume of 305,059. The company has a 50-day simple moving average of $4.36 and a 200 day simple moving average of $4.11. CPS Technologies has a 52-week low of $1.60 and a 52-week high of $6.85. The company has a market cap of $88.97 million, a P/E ratio of 164.72 and a beta of 1.77.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CPSH. Jane Street Group LLC purchased a new position in CPS Technologies in the second quarter worth about $98,000. Dimensional Fund Advisors LP raised 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 valued at $94,000 after purchasing an additional 11,808 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in CPS Technologies during the third quarter valued at approximately $789,000. Geode Capital Management LLC lifted its stake in shares of CPS Technologies by 11.1% in the 4th quarter. Geode Capital Management LLC now owns 145,827 shares of the electronics maker’s stock valued at $451,000 after purchasing an additional 14,588 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of CPS Technologies by 60.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 42,311 shares of the electronics maker’s stock worth $131,000 after purchasing an additional 15,934 shares during the period. Institutional investors own 11.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings raised CPS Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, April 20th. Wall Street Zen downgraded CPS Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, CPS Technologies has an average rating of “Hold” and an average price target of $6.00.

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.