StockNews.com Initiates Coverage on CPS Technologies (NASDAQ:CPSH)

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

CPS Technologies Stock Performance

Shares of CPSH stock opened at $1.71 on Tuesday. CPS Technologies has a 52 week low of $1.27 and a 52 week high of $2.46. The stock has a market capitalization of $24.84 million, a PE ratio of -12.21 and a beta of 1.32. The stock’s fifty day moving average is $1.71 and its 200-day moving average is $1.57.

CPS Technologies (NASDAQ:CPSH) last issued its quarterly earnings data on Wednesday, March 12th. The electronics maker reported ($0.07) EPS for the quarter. The company 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 Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of CPS Technologies during the third quarter worth $26,000. Citadel Advisors LLC boosted its holdings in CPS Technologies by 18.3% in the fourth quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock valued at $60,000 after acquiring an additional 5,751 shares during the last quarter. Renaissance Technologies LLC increased 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 during the period. Finally, Geode Capital Management LLC raised its holdings in 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 purchasing an additional 12,903 shares during the last quarter. 11.18% of the stock is currently owned by institutional investors.

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.