Renaissance Technologies LLC Lowers Stake in CPS Technologies Co. (NASDAQ:CPSH)

Renaissance Technologies LLC cut its stake in CPS Technologies Co. (NASDAQ:CPSH) by 20.5% during the second quarter, HoldingsChannel reports. The fund owned 68,247 shares of the electronics maker’s stock after selling 17,545 shares during the quarter. Renaissance Technologies LLC’s holdings in CPS Technologies were worth $116,000 as of its most recent SEC filing.

Separately, Virtu Financial LLC acquired a new stake in shares of CPS Technologies in the 1st quarter worth $28,000. Hedge funds and other institutional investors own 11.18% of the company’s stock.

CPS Technologies Stock Performance

NASDAQ:CPSH opened at $1.43 on Monday. The firm’s fifty day moving average is $1.41 and its two-hundred day moving average is $1.62. The firm has a market cap of $20.76 million, a price-to-earnings ratio of 28.60 and a beta of 1.26. CPS Technologies Co. has a one year low of $1.27 and a one year high of $2.81.

CPS Technologies (NASDAQ:CPSH) last issued its earnings results on Wednesday, July 31st. The electronics maker reported ($0.07) EPS for the quarter. The company had revenue of $5.03 million during the quarter. CPS Technologies had a negative return on equity of 4.61% and a negative net margin of 3.28%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of CPS Technologies in a report on Tuesday, October 8th. They set a “hold” rating on the 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.