CPS Technologies (NASDAQ:CPSH) Share Price Passes Below 200-Day Moving Average of $3.61

CPS Technologies Co. (NASDAQ:CPSHGet Ranking)’s inventory rate crossed underneath its 200-working day transferring ordinary all through buying and selling on Wednesday . The inventory has a 200-working day moving common of $3.61 and traded as reduced as $3.04. CPS Systems shares final traded at $3.12, with a volume of 22,321 shares traded.

Separately, StockNews.com assumed coverage on shares of CPS Systems in a investigation notice on Thursday, March 31st. They established a “hold” ranking for the organization.

The firm has a financial debt-to-equity ratio of .01, a speedy ratio of 2.03 and a current ratio of 3.00. The business has a market capitalization of $45.02 million, a price-to-earnings ratio of 12.48 and a beta of 1.82. The stock’s fifty working day very simple transferring normal is $3.47 and its two-hundred day uncomplicated going average is $3.61.

CPS Systems (NASDAQ:CPSHGet Rating) very last issued its quarterly earnings success on Wednesday, May 4th. The electronics maker reported $.03 earnings per share for the quarter. CPS Systems experienced a net margin of 15.04% and a return on equity of 29.25%. The organization had revenue of $6.65 million throughout the quarter.

Numerous institutional traders and hedge money have a short while ago modified their holdings of the firm. Aries Prosperity Administration acquired a new position in CPS Technologies in the fourth quarter well worth somewhere around $133,000. NewEdge Advisors LLC boosted its position in shares of CPS Systems by 125.4% in the initial quarter. NewEdge Advisors LLC now owns 35,952 shares of the electronics maker’s stock valued at $187,000 immediately after buying an additional 20,000 shares in the course of the time period. James Expenditure Exploration Inc. boosted its posture in shares of CPS Technologies by 125.4% in the 1st quarter. James Investment Exploration Inc. now owns 35,952 shares of the electronics maker’s inventory valued at $187,000 soon after getting an additional 20,000 shares in the course of the interval. Renaissance Technologies LLC boosted its place in shares of CPS Technologies by 64.% in the 3rd quarter. Renaissance Systems LLC now owns 82,200 shares of the electronics maker’s stock valued at $409,000 soon after buying an added 32,079 shares all through the period of time. At last, BlackRock Inc. boosted its placement in shares of CPS Systems by 1.3% in the third quarter. BlackRock Inc. now owns 157,569 shares of the electronics maker’s stock valued at $783,000 right after acquiring an extra 1,992 shares throughout the period. Institutional investors very own 12.36% of the company’s inventory.

CPS Technologies Organization Profile (NASDAQ:CPSH)

CPS Systems Company creates and sells superior materials methods to the transportation, automotive, energy, computing/world wide web, telecommunication, aerospace, protection, and oil and gas markets. It primarily delivers metal matrix composites that are a combination of metal and ceramic, these kinds of as baseplates for different programs, including motor controllers employed in electrical trains, subway cars and trucks, wind turbines, and hybrid and electric powered automobiles hermetic packages for use in radar, satellite, and avionics applications baseplates and housings made use of in modules crafted with large band hole semiconductors and lids and heatspreaders employed with built-in circuits for use in online switches and routers.

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