CPS Technologies (NASDAQ:CPSH) Now Covered by StockNews.com

StockNews.com started coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report released on Tuesday morning. The brokerage issued a hold rating on the electronics maker’s stock.

CPS Technologies Trading Down 2.4 %

CPS Technologies stock opened at $1.67 on Tuesday. CPS Technologies has a 52 week low of $1.27 and a 52 week high of $2.46. The stock has a market cap of $24.24 million, a price-to-earnings ratio of -11.92 and a beta of 1.32. The company’s 50-day moving average price is $1.71 and its two-hundred day moving average price is $1.57.

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

Institutional Trading of CPS Technologies

Institutional investors have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in CPS Technologies during the third quarter worth about $26,000. Citadel Advisors LLC grew 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 worth $60,000 after purchasing an additional 5,751 shares during the last quarter. Renaissance Technologies LLC grew 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 worth $140,000 after purchasing an additional 6,865 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings 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 worth $178,000 after purchasing 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.