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

Key Points

• CPS Technologies shares fell below their 200-day moving average of $5.01, trading as low as $3.77 and closing near $3.86 on volume of 195,794 shares.
• Analyst sentiment remains mixed, resulting in a consensus “Hold” rating and a $6.00 average price target. Roth Capital maintained a Buy rating and raised its target, while Wall Street Zen and Weiss Ratings issued downgrades.
• Institutional ownership stands at 11.18%, with several firms increasing their positions. CPS Technologies has a market capitalization of approximately $74.85 million and serves aerospace, defense, electronics and energy markets with engineered composite and metal-system products.

CPS Technologies Corp. (NASDAQ:CPSH - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.01 and traded as low as $3.77. CPS Technologies shares last traded at $3.86, with a volume of 195,794 shares traded.

Analyst Upgrades and Downgrades

CPSH has been the topic of a number of research reports. Wall Street Zen downgraded shares of CPS Technologies from a "hold" rating to a "sell" rating in a report on Sunday, August 16th. Roth Capital reaffirmed a "buy" rating and set a $6.00 target price (up from $5.50) on shares of CPS Technologies in a research note on Wednesday, August 12th. Weiss Ratings downgraded shares of CPS Technologies from a "sell (d)" rating to a "sell (d-)" rating in a report on Friday, August 14th. Finally, Zacks Research raised shares of CPS Technologies from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, CPS Technologies presently has a consensus rating of "Hold" and an average price target of $6.00.

CPS Technologies Stock Performance

The company's fifty day moving average is $4.78 and its two-hundred day moving average is $5.01. The company has a market cap of $74.85 million, a price-to-earnings ratio of -386.00 and a beta of 2.09.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CPSH. NewEdge Advisors LLC lifted its holdings in CPS Technologies by 14.2% in the first quarter. NewEdge Advisors LLC now owns 41,072 shares of the electronics maker's stock valued at $154,000 after acquiring an additional 5,120 shares during the last quarter. James Investment Research Inc. lifted its position in shares of CPS Technologies by 14.2% during the first 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in CPS Technologies by 81.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker's stock valued at $94,000 after buying an additional 11,808 shares during the period. State Street Corp boosted its holdings in CPS Technologies by 36.3% in the fourth 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 during the period. Finally, Geode Capital Management LLC boosted its stake in shares of CPS Technologies by 11.1% in the 4th quarter. Geode Capital Management LLC now owns 145,827 shares of the electronics maker's stock valued at $451,000 after buying an additional 14,588 shares during the period. 11.18% of the stock is owned by hedge funds and other institutional investors.

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.

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