CPS Technologies (NASDAQ:CPSH) Now Covered by StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report issued on Sunday. The firm set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Performance

Shares of NASDAQ:CPSH opened at $1.51 on Friday. CPS Technologies has a 52 week low of $1.27 and a 52 week high of $2.46. The firm has a market cap of $21.93 million, a PE ratio of -10.78 and a beta of 1.32. The firm’s fifty day moving average is $1.73 and its 200-day moving average is $1.55.

Institutional Investors Weigh In On CPS Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in shares of CPS Technologies in the third quarter worth approximately $26,000. Citadel Advisors LLC increased its position in CPS Technologies by 18.3% during 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 during the period. Renaissance Technologies LLC raised its holdings in CPS Technologies by 8.6% during 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 lifted its position in shares of CPS Technologies by 13.2% in 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 during the period. 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.