CPS Technologies (NASDAQ:CPSH) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

CPS Technologies Co. (NASDAQ:CPSH) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.53 and traded as high as $1.95. CPS Technologies shares last traded at $1.83, with a volume of 47,621 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on CPS Technologies in a research report on Tuesday. They issued a “hold” rating for the company.

CPS Technologies Price Performance

The company has a fifty day moving average price of $1.64 and a two-hundred day moving average price of $1.53. The firm has a market cap of $26.59 million, a price-to-earnings ratio of -13.07 and a beta of 1.22.

CPS Technologies (NASDAQ:CPSH) last issued its quarterly earnings results on Wednesday, October 30th. The electronics maker reported ($0.07) earnings per share for the quarter. The business had revenue of $4.25 million during the quarter. CPS Technologies had a negative net margin of 9.12% and a negative return on equity of 12.02%.

Institutional Trading of CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC acquired a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned about 0.13% of CPS Technologies as of its most recent filing with the Securities and Exchange Commission. 11.18% of the stock is owned by institutional investors and hedge funds.

About CPS Technologies

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.