StockNews.com Initiates Coverage on CPS Technologies (NASDAQ:CPSH)

Investment analysts at StockNews.com started coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Up 1.4 %

Shares of CPSH stock opened at $1.48 on Friday. The company has a 50 day moving average of $1.60 and a 200-day moving average of $1.59. The firm has a market cap of $21.50 million, a P/E ratio of -10.57 and a beta of 1.14. CPS Technologies has a 12-month low of $1.27 and a 12-month high of $2.46.

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

Hedge Funds Weigh In On CPS Technologies

Several hedge funds and other institutional investors have recently modified their holdings of CPSH. Geode Capital Management LLC boosted its position 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 acquiring an additional 12,903 shares in the last quarter. Renaissance Technologies LLC lifted 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 purchasing an additional 6,865 shares during the period. Citadel Advisors LLC boosted its position in shares of CPS Technologies by 18.3% during the fourth quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock valued at $60,000 after purchasing an additional 5,751 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in CPS Technologies in the third quarter worth $26,000. Hedge funds and other institutional investors own 11.18% of the company’s stock.

CPS Technologies Company Profile

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.