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

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

CPS Technologies Stock Up 11.3%

Shares of CPSH opened at $2.36 on Tuesday. CPS Technologies has a fifty-two week low of $1.27 and a fifty-two week high of $2.46. The company’s fifty day moving average is $1.65 and its two-hundred day moving average is $1.64. The firm has a market cap of $34.28 million, a PE ratio of -16.86 and a beta of 1.23.

CPS Technologies (NASDAQ:CPSH) last issued its earnings results on Wednesday, April 30th. The electronics maker reported $0.01 earnings per share for the quarter. CPS Technologies had a negative return on equity of 12.02% and a negative net margin of 9.12%. The business had revenue of $7.51 million for the quarter.

Institutional Trading of CPS Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in CPS Technologies by 13.2% during the fourth quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock worth $178,000 after buying an additional 12,903 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of CPS Technologies by 8.6% during the 4th quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock valued at $140,000 after acquiring an additional 6,865 shares in the last quarter. Citadel Advisors LLC boosted its position in CPS Technologies by 18.3% during the 4th quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock worth $60,000 after purchasing an additional 5,751 shares during the period. Finally, XTX Topco Ltd purchased a new stake in CPS Technologies during the 1st quarter worth $32,000. Institutional investors and hedge funds own 11.18% of the company’s stock.

About CPS Technologies

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.