CPS Technologies (NASDAQ:CPSH) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of CPS Technologies Co. (NASDAQ:CPSH) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

Separately, StockNews.com started 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 stock has a market cap of $23.10 million, a PE ratio of -11.36 and a beta of 1.25. The firm has a fifty day moving average of $1.74 and a 200 day moving average of $1.55.

Hedge Funds Weigh In On CPS Technologies

Large investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in shares of CPS Technologies during the third quarter worth about $26,000. Citadel Advisors LLC grew its holdings in shares of 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 purchasing an additional 5,751 shares during the last quarter. Renaissance Technologies LLC grew its holdings 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 purchasing an additional 6,865 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 12,903 shares during the last quarter. Hedge funds and other institutional investors own 11.18% of the company’s stock.

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.