Weiss Ratings Reaffirms Sell (D-) Rating for CPS Technologies (NASDAQ:CPSH)

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for CPS Technologies, indicating ongoing concerns about the company's stock performance.
• Despite the negative rating from Weiss, Wall Street Zen upgraded CPS Technologies to a "hold" rating, reflecting differing analyst opinions on the stock.
• Insider transactions show significant buying activity, with the director and CEO each increasing their holdings, suggesting confidence in the company despite its struggles.

CPS Technologies (NASDAQ:CPSH - Get Free Report)'s stock had its "sell (d-)" rating reissued by stock analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of CPS Technologies to a "hold" rating in a research note on Saturday, July 12th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, CPS Technologies has a consensus rating of "Sell".

CPS Technologies Price Performance

NASDAQ CPSH traded up $0.22 on Friday, hitting $3.98. 183,465 shares of the company's stock were exchanged, compared to its average volume of 340,629. The firm's 50-day moving average price is $3.63 and its two-hundred day moving average price is $2.82. CPS Technologies has a fifty-two week low of $1.39 and a fifty-two week high of $4.89. The firm has a market cap of $71.56 million, a price-to-earnings ratio of -33.16 and a beta of 1.61.

CPS Technologies (NASDAQ:CPSH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The electronics maker reported $0.01 EPS for the quarter. CPS Technologies had a negative return on equity of 12.35% and a negative net margin of 7.13%.The business had revenue of $8.08 million during the quarter.

Insider Buying and Selling at CPS Technologies

In other CPS Technologies news, Director Francis J. Hughes, Jr. bought 18,333 shares of the business's stock in a transaction on Wednesday, October 8th. The stock was bought at an average price of $3.00 per share, for a total transaction of $54,999.00. Following the completion of the transaction, the director owned 438,009 shares in the company, valued at approximately $1,314,027. The trade was a 4.37% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian T. Mackey purchased 16,500 shares of the stock in a transaction dated Wednesday, October 8th. The stock was acquired at an average price of $3.00 per share, for a total transaction of $49,500.00. Following the completion of the transaction, the chief executive officer directly owned 36,500 shares of the company's stock, valued at approximately $109,500. The trade was a 82.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 78,091 shares of company stock worth $232,281. 15.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. XTX Topco Ltd purchased a new position in shares of CPS Technologies Corp. (NASDAQ:CPSH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,327 shares of the electronics maker's stock, valued at approximately $32,000. XTX Topco Ltd owned approximately 0.14% of CPS Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 11.18% of the stock is owned by institutional investors and hedge funds.

CPS Technologies Company Profile

CPS Technologies Corporation provides advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets in the United States, Europe, and Asia. The company offers metal matrix composites such as baseplates for various applications, including motor controllers used in electric trains, subway cars, wind turbines, and hybrid and electric vehicles; hermetic packages for use in radar, satellite, and avionics applications; baseplates and housings used in modules built with wide band gap semiconductors; and lids and heat spreaders for use in internet switches and routers.

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