CPS Technologies (NASDAQ:CPSH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CPS Technologies (NASDAQ:CPSH) from a sell rating to a hold rating in a research report report published on Saturday.

CPSH has been the topic of several other research reports. Weiss Ratings cut CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 14th. Zacks Research raised shares of CPS Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. One investment 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.com, the stock presently has an average rating of “Hold” and an average price target of $6.00.

CPS Technologies Trading Down 2.7%

NASDAQ:CPSH opened at $4.35 on Friday. The business’s fifty day moving average price is $5.48 and its 200 day moving average price is $5.12. The firm has a market capitalization of $78.60 million, a price-to-earnings ratio of -435.00 and a beta of 2.09. CPS Technologies has a 1-year low of $2.85 and a 1-year high of $14.39.

Hedge Funds Weigh In On CPS Technologies

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in shares of CPS Technologies during the second quarter worth $98,000. Dimensional Fund Advisors LP boosted 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 last quarter. CIBC Bancorp USA Inc. acquired a new stake in CPS Technologies during the third quarter valued at $789,000. Wealth Enhancement Advisory Services LLC purchased a new position in CPS Technologies in the fourth quarter valued at about $94,000. Finally, Round Rock Advisors LLC grew its stake in CPS Technologies by 316.7% in the fourth quarter. Round Rock Advisors LLC now owns 191,325 shares of the electronics maker’s stock valued at $591,000 after purchasing an additional 145,409 shares in the last quarter. 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.