CPS Technologies (NASDAQ:CPSH) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

CPS Technologies Co. (NASDAQ:CPSH)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.54 and traded as high as $2.46. CPS Technologies shares last traded at $1.99, with a volume of 858,337 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on CPS Technologies in a research report on Thursday. They set a “hold” rating for the company.

CPS Technologies Stock Performance

The stock has a fifty day moving average of $1.71 and a 200-day moving average of $1.54. The company has a market cap of $28.91 million, a PE ratio of -14.21 and a beta of 1.25.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC bought a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.13% of CPS Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 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.