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

StockNews.com started coverage on shares of CPS Technologies (NASDAQ:CPSHGet Free Report) in a report issued on Sunday. The firm set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Performance

CPS Technologies stock opened at $2.42 on Friday. CPS Technologies has a 52 week low of $2.21 and a 52 week high of $3.50. The stock has a market capitalization of $35.14 million, a P/E ratio of 24.20 and a beta of 1.47. The stock has a fifty day moving average of $2.36 and a 200-day moving average of $2.56.

Hedge Funds Weigh In On CPS Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp raised 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 acquiring an additional 5,420 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in CPS Technologies by 26.5% during the third quarter. Dimensional Fund Advisors LP now owns 33,583 shares of the electronics maker’s stock worth $94,000 after acquiring an additional 7,031 shares in the last quarter. PDT Partners LLC bought a new position in shares of CPS Technologies during the 2nd quarter worth about $33,000. NewEdge Advisors LLC grew its stake in shares of CPS Technologies by 125.4% in the 1st 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. Finally, Jane Street Group LLC bought a new stake in CPS Technologies in the 2nd quarter valued at about $67,000. Institutional investors own 11.33% of the company’s stock.

About CPS Technologies

(Get Free Report)

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 for use in internet switches and routers.

Further Reading

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