CPS Technologies (NASDAQ:CPSH) Shares Pass Above Two Hundred Day Moving Average of $3.55

CPS Technologies Co. (NASDAQ:CPSHGet Rating)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.55 and traded as high as $3.79. CPS Technologies shares last traded at $3.72, with a volume of 39,056 shares traded.

CPS Technologies Stock Up 0.8 %

The firm has a market capitalization of $53.68 million, a P/E ratio of 14.88 and a beta of 1.81. The stock has a fifty day moving average of $3.41 and a 200 day moving average of $3.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.00 and a quick ratio of 2.03.

CPS Technologies (NASDAQ:CPSHGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The electronics maker reported $0.03 earnings per share for the quarter. The company had revenue of $6.65 million during the quarter. CPS Technologies had a return on equity of 29.25% and a net margin of 15.04%.

Hedge Funds Weigh In On CPS Technologies

An institutional investor recently raised its position in CPS Technologies stock. NewEdge Advisors LLC increased its stake in CPS Technologies Co. (NASDAQ:CPSHGet Rating) by 125.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,952 shares of the electronics maker’s stock after acquiring an additional 20,000 shares during the period. NewEdge Advisors LLC owned about 0.25% of CPS Technologies worth $187,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.36% of the company’s stock.

About CPS Technologies

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CPS Technologies Corporation produces and sells advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets. It primarily offers metal matrix composites that are a combination of metal and ceramic, 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 heatspreaders used with integrated circuits for use in internet switches and routers.

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