CPS Technologies (NASDAQ:CPSH) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research note released on Monday. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Price Performance

CPSH opened at $1.52 on Monday. The company has a market capitalization of $22.08 million, a price-to-earnings ratio of -10.86 and a beta of 1.32. The firm’s fifty day moving average price is $1.72 and its two-hundred day moving average price is $1.56. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.46.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings data on Wednesday, March 12th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $5.93 million for the quarter. CPS Technologies had a negative return on equity of 12.02% and a negative net margin of 9.12%.

Hedge Funds Weigh In On CPS Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of CPS Technologies in the 3rd quarter worth about $26,000. Citadel Advisors LLC boosted its holdings in shares of CPS Technologies by 18.3% in the 4th quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock worth $60,000 after buying an additional 5,751 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of CPS Technologies by 8.6% in the 4th quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock worth $140,000 after buying an additional 6,865 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of CPS Technologies by 13.2% in the 4th 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 last quarter. 11.18% of the stock is owned by hedge funds and other institutional investors.

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.