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

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

CPS Technologies Trading Down 2.4 %

Shares of NASDAQ CPSH opened at $1.67 on Tuesday. The company has a market capitalization of $24.24 million, a price-to-earnings ratio of -11.92 and a beta of 1.32. CPS Technologies has a twelve month low of $1.27 and a twelve month high of $2.46. The business has a 50 day simple moving average of $1.71 and a 200-day simple moving average of $1.57.

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

Hedge Funds Weigh In On CPS Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of CPS Technologies by 13.2% during the 4th quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock worth $178,000 after purchasing an additional 12,903 shares during the period. Renaissance Technologies LLC grew its stake in CPS Technologies by 8.6% during 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. Citadel Advisors LLC increased its position in CPS Technologies by 18.3% in the fourth 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 period. Finally, Virtu Financial LLC bought a new stake in CPS Technologies in the third quarter valued at $26,000. 11.18% of the stock is currently owned by institutional investors and hedge funds.

CPS Technologies Company Profile

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.