CPS Technologies Sees Unusually Large Options Volume (NASDAQ:CPSH)

CPS Technologies Corp. (NASDAQ:CPSH) was the target of some unusual options trading on Wednesday. Stock investors acquired 1,896 call options on the company. This represents an increase of approximately 176% compared to the average volume of 687 call options.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CPSH shares. Weiss Ratings downgraded CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. Wall Street Zen downgraded CPS Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Zacks Research lowered shares of CPS Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $6.00.

Hedge Funds Weigh In On CPS Technologies

A number of institutional investors have recently modified their holdings of the company. IFP Advisors Inc increased its stake in shares of CPS Technologies by 33.3% in the third quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock worth $71,000 after purchasing an additional 5,000 shares during the period. James Investment Research Inc. lifted its holdings 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 buying an additional 5,120 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of 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 period. Dimensional Fund Advisors LP boosted its position in shares of CPS Technologies by 81.2% in the third quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock valued at $94,000 after acquiring an additional 11,808 shares during the period. Finally, State Street Corp grew its stake in shares of CPS Technologies by 36.3% in the fourth quarter. State Street Corp now owns 48,708 shares of the electronics maker’s stock worth $151,000 after acquiring an additional 12,984 shares during the last quarter. Institutional investors own 11.18% of the company’s stock.

CPS Technologies Price Performance

CPS Technologies stock opened at $11.10 on Friday. CPS Technologies has a one year low of $2.10 and a one year high of $14.39. The company’s fifty day moving average price is $4.93 and its two-hundred day moving average price is $4.35.

CPS Technologies (NASDAQ:CPSH) last released its quarterly earnings results on Monday, May 4th. The electronics maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). The company had revenue of $7.03 million for the quarter, compared to the consensus estimate of $8.63 million. CPS Technologies had a return on equity of 0.16% and a net margin of 0.10%. Sell-side analysts anticipate that CPS Technologies will post 0.04 EPS for the current year.

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.