CPS Technologies (NASDAQ:CPSH) Issues Earnings Results

Key Points

• CPS Technologies reported Q results with EPS of ($0.02), missing the $0.01 consensus by $0.03; the company posted a return on equity of 2.43% and a net margin of 1.29%.
• Shares slid to $4.94 on heavy volume (540,193 shares vs. average 304,485), with a market cap of about $88.97M, a P/E of ~164.7 and a 52-week range of $1.60–$6.85.
• Analysts hold a consensus Hold rating with an average price target of $6.00, and several institutional investors (Dimensional, Jane Street, Goldman Sachs, State Street) have recently increased positions.

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

CPS Technologies Stock Performance

CPSH traded down $0.03 during midday trading on Monday, reaching $4.94. 540,193 shares of the company were exchanged, compared to its average volume of 304,485. CPS Technologies has a one year low of $1.60 and a one year high of $6.85. The stock has a market capitalization of $88.97 million, a P/E ratio of 164.72 and a beta of 1.77. The stock's 50-day simple moving average is $4.36 and its 200 day simple moving average is $4.11.

Analyst Ratings Changes

CPSH has been the topic of a number of recent analyst reports. Weiss Ratings upgraded CPS Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, April 20th. Wall Street Zen cut CPS Technologies from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, CPS Technologies currently has a consensus rating of "Hold" and an average price target of $6.00.

Hedge Funds Weigh In On CPS Technologies

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of CPS Technologies by 81.2% during the 3rd 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 in the last quarter. Jane Street Group LLC lifted its holdings in shares of CPS Technologies by 122.5% during the 4th quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker's stock valued at $83,000 after purchasing an additional 14,822 shares in the last quarter. XTX Topco Ltd bought a new position in shares of CPS Technologies during the 4th quarter valued at about $95,000. Goldman Sachs Group Inc. lifted its holdings in shares of CPS Technologies by 60.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 42,311 shares of the electronics maker's stock valued at $131,000 after purchasing an additional 15,934 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of CPS Technologies by 36.3% during the 4th quarter. State Street Corp now owns 48,708 shares of the electronics maker's stock valued at $151,000 after purchasing an additional 12,984 shares in the last quarter. Institutional investors own 11.18% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.