CPS Technologies (NASDAQ:CPSH) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Performance

CPSH opened at $1.53 on Wednesday. The stock has a fifty day moving average of $1.67 and a 200-day moving average of $1.58. The company has a market capitalization of $22.22 million, a P/E ratio of -10.93 and a beta of 1.32. CPS Technologies has a fifty-two week low of $1.27 and a fifty-two week high of $2.46.

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

Institutional Trading of CPS Technologies

Institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in CPS Technologies in the third quarter valued at approximately $26,000. Citadel Advisors LLC boosted 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 purchasing an additional 5,751 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of 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 purchasing an additional 6,865 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings 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 in 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.