CPS Technologies (NASDAQ:CPSH) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of CPS Technologies Co. (NASDAQ:CPSH) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.58 and traded as high as $1.62. CPS Technologies shares last traded at $1.55, with a volume of 13,005 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on CPS Technologies in a research report on Wednesday. They issued a “hold” rating on the stock.

CPS Technologies Stock Performance

The company has a market capitalization of $22.52 million, a PE ratio of -11.07 and a beta of 1.32. The stock has a fifty day moving average of $1.69 and a 200 day moving average of $1.58.

CPS Technologies (NASDAQ:CPSH) last released its earnings results on Wednesday, March 12th. The electronics maker reported ($0.07) EPS for the quarter. CPS Technologies had a negative return on equity of 12.02% and a negative net margin of 9.12%. The company had revenue of $5.93 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new stake in shares of CPS Technologies in the third quarter worth about $26,000. Citadel Advisors LLC raised its holdings in shares of CPS Technologies by 18.3% during the 4th quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock worth $60,000 after acquiring an additional 5,751 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of CPS Technologies by 8.6% during the 4th quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock worth $140,000 after acquiring an additional 6,865 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of CPS Technologies by 13.2% during the 4th quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock valued at $178,000 after acquiring an additional 12,903 shares during the last quarter. Institutional investors own 11.18% of the company’s stock.

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.