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

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

CPS Technologies Stock Down 4.2 %

CPSH stock opened at $1.52 on Monday. CPS Technologies has a 12 month low of $1.27 and a 12 month high of $2.46. The firm has a market cap of $22.08 million, a P/E ratio of -10.86 and a beta of 1.32. The company’s 50-day moving average price is $1.73 and its two-hundred day moving average price is $1.56.

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

Institutional Investors Weigh In On CPS Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in shares of CPS Technologies during the 3rd quarter worth approximately $26,000. Geode Capital Management LLC lifted its holdings in CPS Technologies by 13.2% during 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 last quarter. Renaissance Technologies LLC grew its stake in CPS Technologies by 8.6% in the 4th quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock valued at $140,000 after buying an additional 6,865 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of 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. Institutional investors and hedge funds own 11.18% of the company’s 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.