CPS Technologies Co. (NASDAQ:CPSH) Director Ivo James Cavoli Purchases 7,000 Shares

CPS Technologies Co. (NASDAQ:CPSH) Director Ivo James Cavoli acquired 7,000 shares of CPS Technologies stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average price of $1.57 per share, with a total value of $10,990.00. Following the purchase, the director now directly owns 7,000 shares of the company’s stock, valued at approximately $10,990. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

CPS Technologies Trading Up 6.5 %

Shares of CPSH stock traded up $0.10 during trading hours on Wednesday, hitting $1.63. The company’s stock had a trading volume of 68,315 shares, compared to its average volume of 91,303. CPS Technologies Co. has a twelve month low of $1.27 and a twelve month high of $2.46. The stock has a market cap of $23.68 million, a price-to-earnings ratio of -11.64 and a beta of 1.32. The business has a fifty day moving average of $1.71 and a 200-day moving average of $1.56.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of CPS Technologies in a research note on Monday. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CPSH. Geode Capital Management LLC grew its holdings in CPS Technologies by 13.2% in 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 period. Renaissance Technologies LLC boosted its holdings 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. Citadel Advisors LLC grew 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 buying an additional 5,751 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of CPS Technologies during the 3rd quarter worth $26,000. 11.18% of the stock is currently owned by hedge funds and other 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.