CPS Technologies (NASDAQ:CPSH) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of CPS Technologies (NASDAQ:CPSH) from a sell rating to a hold rating in a research note published on Saturday morning.

Other research analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 14th. Zacks Research raised CPS Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.00.

CPS Technologies Stock Performance

Shares of NASDAQ:CPSH opened at $4.47 on Friday. The firm has a fifty day moving average price of $5.58 and a 200 day moving average price of $5.13. CPS Technologies has a fifty-two week low of $2.70 and a fifty-two week high of $14.39. The firm has a market cap of $80.77 million, a price-to-earnings ratio of -447.00 and a beta of 2.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC increased its position in CPS Technologies by 122.5% during the fourth quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker’s stock valued at $83,000 after acquiring an additional 14,822 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of CPS Technologies in the 4th quarter worth about $94,000. Dimensional Fund Advisors LP lifted its holdings in shares of CPS Technologies by 81.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock worth $94,000 after acquiring an additional 11,808 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of CPS Technologies during the 4th quarter worth about $95,000. Finally, Goldman Sachs Group Inc. grew its holdings in CPS Technologies by 60.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 42,311 shares of the electronics maker’s stock valued at $131,000 after purchasing an additional 15,934 shares during the last quarter. 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.