Stock analysts at StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH – Get Free Report) in a research report issued on Sunday. The brokerage set a “hold” rating on the electronics maker’s stock.
CPS Technologies Stock Up 1.2 %
Shares of CPSH opened at $2.45 on Friday. The stock has a 50 day moving average price of $2.36 and a 200 day moving average price of $2.55. The company has a market capitalization of $35.57 million, a price-to-earnings ratio of 24.50 and a beta of 1.47. CPS Technologies has a 52-week low of $2.21 and a 52-week high of $3.50.
Institutional Investors Weigh In On CPS Technologies
Several large investors have recently modified their holdings of the stock. Northern Trust Corp raised its stake in shares of CPS Technologies by 32.7% during the second quarter. Northern Trust Corp now owns 22,001 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 5,420 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of CPS Technologies by 26.5% during the third quarter. Dimensional Fund Advisors LP now owns 33,583 shares of the electronics maker’s stock worth $94,000 after purchasing an additional 7,031 shares during the last quarter. PDT Partners LLC purchased a new stake in shares of CPS Technologies during the second quarter worth approximately $33,000. NewEdge Advisors LLC raised its stake in shares of CPS Technologies by 125.4% during the first quarter. NewEdge Advisors LLC now owns 35,952 shares of the electronics maker’s stock worth $187,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of CPS Technologies during the second quarter worth approximately $67,000. Hedge funds and other institutional investors own 11.33% of the company’s stock.
About CPS Technologies
CPS Technologies Corporation produces and sells advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets. It primarily offers metal matrix composites that are a combination of metal and ceramic, 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 heatspreaders for use in internet switches and routers.
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