CPS Technologies (NASDAQ:CPSH) Shares Pass Above 200-Day Moving Average – What’s Next?

CPS Technologies Co. (NASDAQ:CPSH)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.55 and traded as high as $1.59. CPS Technologies shares last traded at $1.59, with a volume of 80,822 shares changing hands.

Analysts Set New Price Targets

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

CPS Technologies Stock Up 3.9 %

The company has a market capitalization of $23.10 million, a price-to-earnings ratio of -11.36 and a beta of 1.25. The company has a 50 day simple moving average of $1.74 and a 200 day simple moving average of $1.55.

Institutional Investors Weigh In On CPS Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in CPS Technologies during the third quarter worth about $26,000. Citadel Advisors LLC increased its stake in CPS Technologies by 18.3% during the fourth 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. Renaissance Technologies LLC increased its stake in 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 during the last quarter. Finally, Geode Capital Management LLC increased its stake 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 worth $178,000 after acquiring an additional 12,903 shares during the last quarter. 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.