Ivo James Cavoli Acquires 7,000 Shares of CPS Technologies Co. (NASDAQ:CPSH) Stock

CPS Technologies Co. (NASDAQ:CPSH) Director Ivo James Cavoli acquired 7,000 shares of CPS Technologies stock in a transaction on Monday, March 17th. The stock was purchased at an average price of $1.57 per share, with a total value of $10,990.00. Following the purchase, the director now owns 7,000 shares of the company’s stock, valued at $10,990. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

CPS Technologies Trading Up 6.5 %

Shares of CPSH traded up $0.10 during mid-day trading on Wednesday, hitting $1.63. 68,315 shares of the company’s stock were exchanged, compared to its average volume of 91,303. CPS Technologies Co. has a fifty-two week low of $1.27 and a fifty-two week high of $2.46. The business’s 50 day moving average is $1.71 and its two-hundred day moving average is $1.56. The firm has a market capitalization of $23.68 million, a P/E ratio of -11.64 and a beta of 1.32.

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

Hedge Funds Weigh In On CPS Technologies

Large investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of CPS Technologies in the third quarter valued at about $26,000. Geode Capital Management LLC lifted its position 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 valued at $178,000 after purchasing an additional 12,903 shares during the period. Renaissance Technologies LLC increased its position 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 period. Finally, Citadel Advisors LLC lifted its holdings 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 buying an additional 5,751 shares during the period. Hedge funds and other institutional investors own 11.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of CPS Technologies in a report on Monday. They issued a “hold” rating on the 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.