CPS Technologies Co. (NASDAQ:CPSH) CEO Purchases $11,625.00 in Stock

CPS Technologies Co. (NASDAQ:CPSH) CEO Brian T. Mackey bought 7,500 shares of the business’s stock in a transaction on Monday, March 17th. The stock was purchased at an average price of $1.55 per share, with a total value of $11,625.00. Following the completion of the transaction, the chief executive officer now directly owns 7,500 shares of the company’s stock, valued at $11,625. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

CPS Technologies Stock Performance

Shares of NASDAQ:CPSH opened at $1.78 on Friday. CPS Technologies Co. has a one year low of $1.27 and a one year high of $2.46. The stock has a fifty day moving average of $1.71 and a 200-day moving average of $1.57. The company has a market capitalization of $25.86 million, a PE ratio of -12.71 and a beta of 1.32.

CPS Technologies (NASDAQ:CPSH) last announced 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 for the quarter.

Institutional Investors Weigh In On CPS Technologies

A number of institutional investors and hedge funds have recently modified their holdings of CPSH. Virtu Financial LLC acquired a new stake in shares of CPS Technologies during the 3rd quarter valued at $26,000. Citadel Advisors LLC lifted its position 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 acquiring an additional 5,751 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of CPS Technologies by 8.6% during the 4th quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock valued at $140,000 after acquiring an additional 6,865 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position 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 valued at $178,000 after acquiring an additional 12,903 shares during the last quarter. Institutional investors and hedge funds own 11.18% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on CPS Technologies in a research report on Monday, March 17th. They issued a “hold” rating for the company.

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.