CPS Technologies (NASDAQ:CPSH) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Shares dipped below the 200-day moving average of $3.94, trading as low as $3.81 and last at $4.02 on volume of 85,871, indicating recent technical weakness.
• CPSH missed quarterly estimates (EPS $0.01 vs. $0.02 expected; revenue $8.21M vs. $9.46M expected) and trades with a market cap of $72.4M and P/E of 134, while analyst consensus is a Hold with a $6.00 target.

Shares of CPS Technologies Corp. (NASDAQ:CPSH - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.94 and traded as low as $3.81. CPS Technologies shares last traded at $4.02, with a volume of 85,871 shares.

Wall Street Analyst Weigh In

Several brokerages have commented on CPSH. Weiss Ratings upgraded shares of CPS Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, March 23rd. Wall Street Zen cut shares of CPS Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $6.00.

CPS Technologies Price Performance

The stock has a market capitalization of $72.40 million, a P/E ratio of 134.04 and a beta of 1.46. The company's 50-day simple moving average is $4.44 and its 200-day simple moving average is $3.94.

CPS Technologies (NASDAQ:CPSH - Get Free Report) last announced its quarterly earnings data on Tuesday, March 3rd. The electronics maker reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). CPS Technologies had a net margin of 1.29% and a return on equity of 2.43%. The firm had revenue of $8.21 million during the quarter, compared to the consensus estimate of $9.46 million.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP bought a new position in CPS Technologies in the 3rd quarter valued at about $69,000. IFP Advisors Inc grew its holdings in CPS Technologies by 33.3% in the 3rd quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker's stock valued at $71,000 after buying an additional 5,000 shares in the last quarter. Jane Street Group LLC raised its stake in CPS Technologies by 122.5% in the 4th quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker's stock worth $83,000 after purchasing an additional 14,822 shares in the last quarter. Salvus Wealth Management LLC acquired a new position in shares of CPS Technologies during the 4th quarter worth approximately $85,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of CPS Technologies in the fourth quarter valued at approximately $94,000. 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.

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