CPS Technologies (NASDAQ:CPSH) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded CPS Technologies from “sell” to “hold,” matching Zacks Research’s recent upgrade. MarketBeat reports a consensus “Hold” rating, with one Buy, one Hold and one Sell recommendation, and a $6.00 consensus price target.
• CPSH opened at $4.47, with an approximately $80.8 million market capitalization and a 52-week trading range of $2.70 to $14.39. The stock’s 50-day and 200-day moving averages were $5.58 and $5.13, respectively.
• Institutional investors including Jane Street, Dimensional Fund Advisors and Goldman Sachs recently increased their positions, although institutions and hedge funds collectively own only 11.18% of the company.

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

Other analysts have also recently issued reports about the stock. Zacks Research upgraded shares of CPS Technologies from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. Weiss Ratings lowered shares of CPS Technologies from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $6.00.

CPS Technologies Trading Up 2.5%

CPSH stock opened at $4.47 on Friday. The firm has a market cap of $80.76 million, a PE ratio of -447.00 and a beta of 2.09. CPS Technologies has a 1 year low of $2.70 and a 1 year high of $14.39. The company has a fifty day simple moving average of $5.58 and a 200 day simple moving average of $5.13.

Institutional Investors Weigh In On CPS Technologies

A number of institutional investors have recently added to or reduced their stakes in CPSH. Jane Street Group LLC boosted its stake in shares of CPS Technologies by 122.5% in 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. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of CPS Technologies during the 4th quarter worth about $94,000. Dimensional Fund Advisors LP increased its position 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 worth $94,000 after purchasing an additional 11,808 shares in the last quarter. XTX Topco Ltd bought a new position in CPS Technologies during the 4th quarter valued at about $95,000. Finally, Goldman Sachs Group Inc. lifted its holdings in 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 during the last quarter. 11.18% of the stock is owned by institutional investors and hedge funds.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source