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

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

CPS Technologies Stock Performance

Shares of CPS Technologies stock opened at $1.60 on Tuesday. The firm has a fifty day moving average of $1.71 and a two-hundred day moving average of $1.57. The stock has a market capitalization of $23.24 million, a price-to-earnings ratio of -11.43 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 announced its quarterly earnings results on Wednesday, March 12th. The electronics maker reported ($0.07) earnings per share for the quarter. The firm had revenue of $5.93 million during the quarter. CPS Technologies had a negative net margin of 9.12% and a negative return on equity of 12.02%.

Institutional Trading of CPS Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC grew its position 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 during the period. Renaissance Technologies LLC increased its position in shares of 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 in the last quarter. Geode Capital Management LLC lifted its position 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 in the last quarter. Finally, Virtu Financial LLC acquired a new position in CPS Technologies in the 3rd quarter worth $26,000. Institutional investors and hedge funds 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.