CPS Technologies (NASDAQ:CPSH) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

CPS Technologies Co. (NASDAQ:CPSH)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.59 and traded as high as $1.74. CPS Technologies shares last traded at $1.59, with a volume of 10,820,234 shares traded.

Analyst Ratings Changes

Separately, StockNews.com started coverage on CPS Technologies in a research note on Friday. They issued a “hold” rating on the stock.

CPS Technologies Trading Down 1.3 %

The company has a market cap of $22.81 million, a price-to-earnings ratio of -11.21 and a beta of 1.26. The firm’s 50-day moving average price is $1.41 and its 200 day moving average price is $1.59.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Wednesday, July 31st. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $5.03 million during the quarter. CPS Technologies had a negative return on equity of 11.74% and a negative net margin of 9.12%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC acquired a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.11% of CPS Technologies as of its most recent filing with the Securities and Exchange Commission. 11.18% of the stock is currently 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.