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

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

Several other research firms also recently commented on CPSH. Roth Mkm assumed coverage on shares of CPS Technologies in a report on Thursday, November 13th. They set a “buy” rating and a $6.00 price objective on the stock. Zacks Research upgraded shares of CPS Technologies to a “hold” rating in a research note on Friday, November 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of CPS Technologies in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.00.

CPS Technologies Price Performance

Shares of CPSH opened at $3.81 on Friday. The firm has a market cap of $68.54 million, a PE ratio of 127.04 and a beta of 1.31. The stock’s fifty day moving average price is $4.56 and its two-hundred day moving average price is $3.89. CPS Technologies has a 1 year low of $1.40 and a 1 year high of $6.85.

CPS Technologies (NASDAQ:CPSH) last issued its quarterly earnings results on Tuesday, March 3rd. The electronics maker reported $0.01 EPS 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 firm had revenue of $8.21 million for the quarter, compared to analysts’ expectations of $9.46 million.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Polar Asset Management Partners Inc. purchased a new position in CPS Technologies during the 4th quarter valued at about $1,022,000. MYDA Advisors LLC purchased a new stake in shares of CPS Technologies in the fourth quarter worth about $865,000. CIBC Bancorp USA Inc. purchased a new stake in shares of CPS Technologies in the third quarter worth about $789,000. Renaissance Technologies LLC boosted its position in shares of CPS Technologies by 115.3% in the fourth quarter. Renaissance Technologies LLC now owns 219,858 shares of the electronics maker’s stock valued at $679,000 after acquiring an additional 117,746 shares during the period. Finally, Perkins Capital Management Inc. purchased a new position in CPS Technologies during the fourth quarter valued at approximately $624,000. 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.