CPS Technologies (NASDAQ:CPSH) Share Price Passes Above 200-Day Moving Average – Time to Sell?

CPS Technologies Co. (NASDAQ:CPSH) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

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

CPS Technologies Stock Down 3.8 %

The company has a market cap of $22.22 million, a PE ratio of -10.93 and a beta of 1.32. The stock has a 50-day moving average of $1.67 and a 200-day moving average of $1.58.

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

Hedge Funds Weigh In On CPS Technologies

A number of institutional investors have recently made changes to their positions in CPSH. Virtu Financial LLC purchased a new position in shares of CPS Technologies in the 3rd quarter worth about $26,000. Geode Capital Management LLC grew its position in CPS Technologies by 13.2% during the fourth 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. Renaissance Technologies LLC raised its stake in shares of CPS Technologies by 8.6% during the fourth 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, Citadel Advisors LLC lifted its holdings in shares of CPS Technologies by 18.3% in 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 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.