CPS Technologies Co. (NASDAQ:CPSH – Get Rating) was the target of a large growth in short interest in the month of December. As of December 30th, there was short interest totalling 110,300 shares, a growth of 18.2% from the December 15th total of 93,300 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 40,800 shares, the short-interest ratio is currently 2.7 days.
CPS Technologies Price Performance
Shares of CPS Technologies stock opened at $2.83 on Friday. CPS Technologies has a one year low of $2.47 and a one year high of $5.85. The stock has a market capitalization of $40.86 million, a P/E ratio of 20.21 and a beta of 1.79. The business’s 50 day simple moving average is $2.95 and its two-hundred day simple moving average is $3.17.
CPS Technologies (NASDAQ:CPSH – Get Rating) last posted its earnings results on Wednesday, November 2nd. The electronics maker reported $0.07 earnings per share (EPS) for the quarter. CPS Technologies had a return on equity of 14.67% and a net margin of 7.80%. The firm had revenue of $6.75 million for the quarter.
Analysts Set New Price Targets
Hedge Funds Weigh In On CPS Technologies
Hedge funds have recently made changes to their positions in the business. PDT Partners LLC purchased a new position in shares of CPS Technologies during the second quarter valued at approximately $33,000. Jane Street Group LLC purchased a new position in shares of CPS Technologies during the second quarter valued at approximately $67,000. Northern Trust Corp increased its stake in shares of CPS Technologies by 32.7% during the second quarter. Northern Trust Corp now owns 22,001 shares of the electronics maker’s stock valued at $68,000 after buying an additional 5,420 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of CPS Technologies by 26.5% during the third quarter. Dimensional Fund Advisors LP now owns 33,583 shares of the electronics maker’s stock valued at $94,000 after buying an additional 7,031 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of CPS Technologies by 125.4% during the first quarter. NewEdge Advisors LLC now owns 35,952 shares of the electronics maker’s stock valued at $187,000 after buying an additional 20,000 shares during the period. 9.37% of the stock is owned by hedge funds and other institutional investors.
About CPS Technologies
CPS Technologies Corp. engages in the provision of advanced material solutions to the transportation, automotive, energy, computing or Internet, telecommunications, aerospace, defense, and oil and gas end markets. The firm focuses on the design, manufacture, and sale of custom metal matrix composite components.
- Get a free copy of the StockNews.com research report on CPS Technologies (CPSH)
- MarketBeat Week in Review – 1/16 – 1/20
- Does Old Dominion Show That Trucking Is Hitting The Brakes?
- Nordstrom Puts Fear Of Markdowns Into Retail Sector
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving ’23 Growth
Receive News & Ratings for CPS Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CPS Technologies and related companies with MarketBeat.com's FREE daily email newsletter.