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

CPS Technologies Co. (NASDAQ:CPSH) 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of CPS Technologies in a report on Friday. They set a “hold” rating for the company.

CPS Technologies Stock Performance

The business has a fifty day simple moving average of $1.41 and a 200-day simple moving average of $1.59. The firm has a market cap of $22.81 million, a price-to-earnings ratio of -11.21 and a beta of 1.26.

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

Hedge Funds Weigh In On CPS Technologies

A hedge fund recently bought a new stake 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 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.11% of CPS Technologies at the end of the most recent reporting period. Hedge funds and other 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.