CPS Technologies (NASDAQ:CPSH) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of CPS Technologies (NASDAQ:CPSH) from a hold rating to a sell rating in a research report released on Sunday.

Other equities analysts also recently issued reports about the company. Zacks Research upgraded CPS Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings cut CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 14th. Finally, Roth Capital reiterated a “buy” rating and issued a $6.00 target price (up from $5.50) on shares of CPS Technologies in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, CPS Technologies currently has an average rating of “Hold” and a consensus price target of $6.00.

CPS Technologies Stock Performance

CPSH opened at $4.21 on Friday. The company has a 50-day moving average of $5.08 and a 200-day moving average of $5.06. The company has a market capitalization of $81.63 million, a P/E ratio of -421.00 and a beta of 2.09. CPS Technologies has a 1-year low of $2.87 and a 1-year high of $14.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Tema ETFs LLC grew its position in shares of CPS Technologies by 55,189.2% during the 2nd quarter. Tema ETFs LLC now owns 1,506,077 shares of the electronics maker’s stock valued at $8,314,000 after buying an additional 1,503,353 shares during the last quarter. BlackRock Inc. bought a new position in CPS Technologies in the second quarter worth about $2,352,000. Polar Asset Management Partners Inc. bought a new position in CPS Technologies in the fourth quarter worth about $1,022,000. MYDA Advisors LLC bought a new position in CPS Technologies in the fourth quarter worth about $865,000. Finally, Renaissance Technologies LLC boosted its stake in CPS Technologies by 13.2% in the first quarter. Renaissance Technologies LLC now owns 248,958 shares of the electronics maker’s stock valued at $931,000 after acquiring an additional 29,100 shares during the period. 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.