CPS Technologies (NASDAQ:CPSH) Rating Lowered to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded CPS Technologies from “hold” to “sell,” adding to a wave of bearish analyst calls. Weiss Ratings and Zacks Research also recently cut their ratings on the stock.
• The company’s latest quarterly results were weak, with earnings of -$0.02 per share versus a $0.01 estimate and revenue of $7.03 million, below the $8.63 million consensus.
• CPS Technologies shares opened at $3.97 on Friday, below both its 50-day moving average of $4.32 and 200-day moving average of $4.10; analysts now have an average rating of “Reduce” with a $6.00 price target.

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

CPSH has been the topic of a number of other reports. Weiss Ratings downgraded shares of CPS Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday. Zacks Research downgraded shares of CPS Technologies from a "hold" rating to a "strong sell" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, CPS Technologies has an average rating of "Reduce" and a consensus price target of $6.00.

CPS Technologies Stock Performance

NASDAQ:CPSH opened at $3.97 on Friday. CPS Technologies has a one year low of $1.73 and a one year high of $6.85. The firm has a 50-day simple moving average of $4.32 and a 200-day simple moving average of $4.10.

CPS Technologies (NASDAQ:CPSH - Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The electronics maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). CPS Technologies had a return on equity of 0.16% and a net margin of 0.10%.The business had revenue of $7.03 million during the quarter, compared to analysts' expectations of $8.63 million. On average, research analysts forecast that CPS Technologies will post 0.04 earnings per share for the current year.

Institutional Trading of CPS Technologies

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in CPS Technologies by 50.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 92,675 shares of the electronics maker's stock worth $347,000 after purchasing an additional 31,209 shares during the last quarter. James Investment Research Inc. grew its position in CPS Technologies by 14.2% during the 1st quarter. James Investment Research Inc. now owns 41,072 shares of the electronics maker's stock worth $154,000 after purchasing an additional 5,120 shares during the last quarter. XTX Topco Ltd purchased a new stake in CPS Technologies during the 4th quarter worth approximately $95,000. Polar Asset Management Partners Inc. purchased a new stake in CPS Technologies during the 4th quarter worth approximately $1,022,000. Finally, MYDA Advisors LLC purchased a new stake in CPS Technologies during the 4th quarter worth approximately $865,000. Hedge funds and other 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.