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

Key Points

• Wall Street Zen downgraded CPS Technologies from “Hold” to “Sell.” Analyst opinions remain mixed, with one Buy, one Hold and one Sell rating; the consensus rating is “Hold” with a $6.00 average price target.
• CPSH opened at $4.31, compared with a 52-week range of $2.87 to $14.39. The company has an $83.57 million market capitalization and trades below its 50-day and 200-day moving averages.
• Institutional ownership stands at 11.18%, with notable recent buying from BlackRock, GSA Capital Partners and Tema ETFs, which sharply increased its position during the second quarter.

CPS Technologies (NASDAQ:CPSH - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Sunday.

CPSH has been the subject of several other reports. Roth Capital reissued a "buy" rating and issued a $6.00 price objective (up from $5.50) on shares of CPS Technologies in a research note on Wednesday. Weiss Ratings cut CPS Technologies from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, July 14th. Finally, Zacks Research upgraded CPS Technologies from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, CPS Technologies has an average rating of "Hold" and an average target price of $6.00.

CPS Technologies Price Performance

CPS Technologies stock opened at $4.31 on Friday. CPS Technologies has a 1 year low of $2.87 and a 1 year high of $14.39. The company has a market capitalization of $83.57 million, a P/E ratio of -431.00 and a beta of 2.09. The business has a 50 day moving average of $5.20 and a 200-day moving average of $5.08.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in CPS Technologies in the 2nd quarter worth about $2,352,000. GSA Capital Partners LLP bought a new position in shares of CPS Technologies during the 2nd quarter worth approximately $269,000. Tema ETFs LLC lifted 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 worth $8,314,000 after buying an additional 1,503,353 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of CPS Technologies by 14.2% in the 1st quarter. NewEdge Advisors LLC now owns 41,072 shares of the electronics maker's stock worth $154,000 after buying an additional 5,120 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of CPS Technologies by 13.2% in the 1st quarter. Renaissance Technologies LLC now owns 248,958 shares of the electronics maker's stock worth $931,000 after buying an additional 29,100 shares during the last quarter. 11.18% of the stock is currently owned by hedge funds and other institutional investors.

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.

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