CPS Technologies (NASDAQ:CPSH) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research note issued to investors on Monday. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Stock Performance

Shares of NASDAQ CPSH opened at $1.52 on Monday. The company has a market capitalization of $22.08 million, a P/E ratio of -10.86 and a beta of 1.32. CPS Technologies has a 52-week low of $1.27 and a 52-week high of $2.46. The company’s 50 day moving average price is $1.72 and its 200-day moving average price is $1.56.

CPS Technologies (NASDAQ:CPSH) last issued its quarterly earnings results on Wednesday, March 12th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $5.93 million during the quarter. CPS Technologies had a negative return on equity of 12.02% and a negative net margin of 9.12%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of CPS Technologies in the 3rd quarter worth approximately $26,000. Citadel Advisors LLC increased its stake in shares of CPS Technologies by 18.3% in the 4th quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock valued at $60,000 after acquiring an additional 5,751 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of CPS Technologies by 8.6% in the 4th quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock valued at $140,000 after acquiring an additional 6,865 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of CPS Technologies by 13.2% in the 4th quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock valued at $178,000 after acquiring an additional 12,903 shares in the last quarter. Institutional investors and hedge funds 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.