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

Research analysts at StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Trading Up 2.7 %

CPSH stock opened at $1.51 on Thursday. The company has a market cap of $21.93 million, a price-to-earnings ratio of -10.78 and a beta of 1.14. The firm has a 50 day moving average of $1.62 and a 200-day moving average of $1.59. CPS Technologies has a 12-month low of $1.27 and a 12-month high of $2.46.

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

Hedge Funds Weigh In On CPS Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPSH. Virtu Financial LLC purchased a new position in shares of CPS Technologies during the 3rd quarter worth approximately $26,000. Geode Capital Management LLC grew its holdings in CPS Technologies by 13.2% during the 4th quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock valued at $178,000 after buying an additional 12,903 shares during the last quarter. Renaissance Technologies LLC increased its position in CPS Technologies by 8.6% during the fourth quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock worth $140,000 after buying an additional 6,865 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in shares of CPS Technologies by 18.3% in the fourth quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock worth $60,000 after acquiring an additional 5,751 shares during 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.