CPS Technologies (NASDAQ:CPSH) Earns Hold Rating from Analysts at StockNews.com

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

CPS Technologies Stock Performance

Shares of CPSH stock opened at $1.63 on Monday. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.46. The firm has a market capitalization of $23.68 million, a PE ratio of -11.64 and a beta of 1.32. The stock has a fifty day moving average of $1.71 and a two-hundred day moving average of $1.56.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings data on Wednesday, March 12th. The electronics maker reported ($0.07) earnings per share (EPS) 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.

Institutional Trading of CPS Technologies

A number of institutional investors have recently added to or reduced their stakes in CPSH. Virtu Financial LLC bought a new stake in CPS Technologies during the 3rd quarter valued at approximately $26,000. Citadel Advisors LLC increased its holdings in 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. Renaissance Technologies LLC raised its position in CPS Technologies by 8.6% in the fourth 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 in the last quarter. Finally, Geode Capital Management LLC lifted 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 buying an additional 12,903 shares during the period. 11.18% of the stock is currently owned by institutional investors and hedge funds.

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.