CPS Technologies Co. (NASDAQ:CPSH – Get Rating) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.95 and traded as low as $2.77. CPS Technologies shares last traded at $2.80, with a volume of 26,307 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on CPS Technologies in a research report on Thursday. They set a “hold” rating for the company.
CPS Technologies Stock Performance
The company has a market capitalization of $40.46 million, a price-to-earnings ratio of 18.67 and a beta of 1.74. The firm has a 50-day simple moving average of $2.87 and a two-hundred day simple moving average of $2.95.
Hedge Funds Weigh In On CPS Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. PDT Partners LLC purchased a new stake in CPS Technologies in the second quarter valued at approximately $33,000. Jane Street Group LLC purchased a new stake in CPS Technologies in the second quarter valued at approximately $67,000. Northern Trust Corp lifted its stake in CPS Technologies by 32.7% in the second quarter. Northern Trust Corp now owns 22,001 shares of the electronics maker’s stock valued at $68,000 after buying an additional 5,420 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in CPS Technologies by 26.5% in the third quarter. Dimensional Fund Advisors LP now owns 33,583 shares of the electronics maker’s stock valued at $94,000 after buying an additional 7,031 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in CPS Technologies by 125.4% in the first quarter. NewEdge Advisors LLC now owns 35,952 shares of the electronics maker’s stock valued at $187,000 after buying an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 9.37% of the company’s stock.
About CPS Technologies
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CPS Technologies Corp. engages in the provision of advanced material solutions to the transportation, automotive, energy, computing or Internet, telecommunications, aerospace, defense, and oil and gas end markets. The firm focuses on the design, manufacture, and sale of custom metal matrix composite components.
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