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

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

CPS Technologies Stock Performance

Shares of NASDAQ:CPSH opened at $1.53 on Friday. The firm has a fifty day moving average of $1.74 and a 200 day moving average of $1.55. CPS Technologies has a 52-week low of $1.27 and a 52-week high of $2.54. The firm has a market capitalization of $22.22 million, a PE ratio of -10.93 and a beta of 1.25.

Hedge Funds Weigh In On CPS Technologies

A number of large investors have recently modified their holdings of CPSH. Geode Capital Management LLC boosted its stake in CPS Technologies by 13.2% in the fourth quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock worth $178,000 after buying an additional 12,903 shares in the last quarter. Renaissance Technologies LLC lifted its holdings 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 acquiring an additional 6,865 shares during the last quarter. Citadel Advisors LLC boosted 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 purchasing an additional 5,751 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of CPS Technologies during the 3rd quarter valued at $26,000. 11.18% of the stock is owned by hedge funds and other institutional investors.

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.