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

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

CPS Technologies Stock Performance

CPS Technologies stock opened at $1.60 on Tuesday. CPS Technologies has a 52 week low of $1.27 and a 52 week high of $2.46. The firm has a market capitalization of $23.24 million, a PE ratio of -11.43 and a beta of 1.32. The business’s 50-day simple moving average is $1.71 and its 200-day simple moving average is $1.57.

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

Hedge Funds Weigh In On CPS Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in CPS Technologies during the third quarter valued at approximately $26,000. 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. Renaissance Technologies LLC grew 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 purchasing an additional 6,865 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of CPS Technologies by 13.2% during 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. 11.18% of the stock is currently owned by institutional investors.

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.