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

StockNews.com began coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report published on Saturday morning. The brokerage issued a hold rating on the electronics maker’s stock.

CPS Technologies Stock Performance

NASDAQ:CPSH opened at $1.53 on Friday. CPS Technologies has a fifty-two week low of $1.27 and a fifty-two week high of $2.54. The firm has a market cap of $22.22 million, a PE ratio of -10.93 and a beta of 1.25. The business has a 50 day moving average price of $1.74 and a 200-day moving average price of $1.55.

Hedge Funds Weigh In On CPS Technologies

A number of hedge funds have recently modified their holdings of the company. Citadel Advisors LLC grew its stake in shares of CPS Technologies by 18.3% in the fourth quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock worth $60,000 after purchasing an additional 5,751 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in CPS Technologies by 8.6% in the 4th quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock worth $140,000 after buying an additional 6,865 shares during the period. Geode Capital Management LLC grew its position in shares of CPS Technologies by 13.2% in 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 last quarter. Finally, Virtu Financial LLC purchased a new position in shares of CPS Technologies during the third quarter valued at approximately $26,000. Hedge funds and other institutional investors 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.