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

Investment analysts at StockNews.com started coverage on shares of CPS Technologies (NASDAQ:CPSH – Get Rating) in a research report issued on Monday. The firm set a “hold” rating on the electronics maker’s stock.

CPS Technologies Price Performance

Shares of NASDAQ CPSH opened at $2.83 on Monday. CPS Technologies has a one year low of $2.47 and a one year high of $5.85. The business’s fifty day moving average price is $2.95 and its 200-day moving average price is $3.17. The stock has a market capitalization of $40.86 million, a PE ratio of 20.21 and a beta of 1.79.

CPS Technologies (NASDAQ:CPSH – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The electronics maker reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $6.75 million for the quarter. CPS Technologies had a return on equity of 14.67% and a net margin of 7.80%.

Institutional Trading of CPS Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its holdings in CPS Technologies by 291.2% during the 2nd quarter. Millennium Management LLC now owns 65,456 shares of the electronics maker’s stock worth $199,000 after purchasing an additional 48,725 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in CPS Technologies by 125.4% during the 1st quarter. NewEdge Advisors LLC now owns 35,952 shares of the electronics maker’s stock worth $187,000 after purchasing an additional 20,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in CPS Technologies by 26.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 33,583 shares of the electronics maker’s stock worth $94,000 after purchasing an additional 7,031 shares in the last quarter. Northern Trust Corp lifted its holdings in CPS Technologies by 32.7% during the 2nd quarter. Northern Trust Corp now owns 22,001 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 5,420 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of CPS Technologies in the 2nd quarter valued at about $67,000. Hedge funds and other institutional investors own 9.37% of the company’s stock.

About CPS Technologies

(Get Rating)

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.