StockNews.com Initiates Coverage on CPS Technologies (NASDAQ:CPSH)

StockNews.com began coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report released on Sunday morning. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Stock Down 3.4 %

CPSH stock opened at $1.54 on Friday. The company has a market cap of $22.37 million, a price-to-earnings ratio of -11.00 and a beta of 1.32. The business has a fifty day simple moving average of $1.73 and a 200-day simple moving average of $1.55. CPS Technologies has a 52 week low of $1.27 and a 52 week high of $2.46.

Institutional Trading of CPS Technologies

Several large investors have recently added to or reduced their stakes in CPSH. Virtu Financial LLC acquired a new stake in CPS Technologies in the 3rd quarter valued at $26,000. Citadel Advisors LLC increased its holdings in CPS Technologies by 18.3% in the 4th quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock valued at $60,000 after purchasing an additional 5,751 shares in the last quarter. Renaissance Technologies LLC increased its holdings in CPS Technologies by 8.6% in the 4th quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock valued at $140,000 after purchasing an additional 6,865 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in CPS Technologies by 13.2% in the 4th quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock valued at $178,000 after purchasing an additional 12,903 shares in the last quarter. 11.18% of the stock is currently owned by institutional investors and hedge funds.

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.