CPS Technologies (NASDAQ:CPSH) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of CPS Technologies (NASDAQ:CPSHGet Rating) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Down 5.4 %

CPSH stock opened at $2.97 on Friday. The stock’s 50 day simple moving average is $3.49 and its 200 day simple moving average is $3.60. CPS Technologies has a fifty-two week low of $2.47 and a fifty-two week high of $6.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.35 and a current ratio of 3.45. The company has a market cap of $42.87 million, a P/E ratio of 11.42 and a beta of 1.83.

CPS Technologies (NASDAQ:CPSHGet Rating) last released its earnings results on Thursday, August 4th. The electronics maker reported $0.03 earnings per share (EPS) for the quarter. CPS Technologies had a return on equity of 28.44% and a net margin of 15.17%. The company had revenue of $7.07 million during the quarter.

Institutional Investors Weigh In On CPS Technologies

Large investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in CPS Technologies by 291.2% in the second quarter. Millennium Management LLC now owns 65,456 shares of the electronics maker’s stock worth $199,000 after buying an additional 48,725 shares during the period. Jane Street Group LLC purchased a new position in shares of CPS Technologies during the second quarter valued at approximately $67,000. James Investment Research Inc. raised its holdings in CPS Technologies by 125.4% in the 1st quarter. James Investment Research Inc. now owns 35,952 shares of the electronics maker’s stock worth $187,000 after acquiring an additional 20,000 shares during the last quarter. NewEdge Advisors LLC raised its holdings in CPS Technologies by 125.4% in the 1st quarter. NewEdge Advisors LLC now owns 35,952 shares of the electronics maker’s stock worth $187,000 after acquiring an additional 20,000 shares during the last quarter. Finally, PDT Partners LLC purchased a new position in CPS Technologies in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 9.96% of the company’s stock.

CPS Technologies Company Profile

(Get Rating)

CPS Technologies Corporation produces and sells advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets. It primarily offers metal matrix composites that are a combination of metal and ceramic, 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 heatspreaders used with integrated circuits for use in internet switches and routers.

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