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

StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report released on Monday morning. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Stock Performance

NASDAQ:CPSH opened at $1.63 on Monday. The stock’s 50-day simple moving average is $1.71 and its 200 day simple moving average is $1.56. The company has a market cap of $23.68 million, a P/E ratio of -11.64 and a beta of 1.32. CPS Technologies has a 52-week low of $1.27 and a 52-week high of $2.46.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in shares of CPS Technologies in the third quarter valued at about $26,000. Geode Capital Management LLC raised its holdings in CPS Technologies by 13.2% in the 4th quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock valued at $178,000 after acquiring an additional 12,903 shares during the period. Renaissance Technologies LLC lifted its position in CPS Technologies by 8.6% during the fourth quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock worth $140,000 after acquiring an additional 6,865 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in shares of CPS Technologies by 18.3% during the fourth quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock worth $60,000 after acquiring an additional 5,751 shares during the period. 11.18% of the stock is owned by institutional investors and hedge funds.

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.