CPS Technologies (NASDAQ:CPSH) Earns Hold Rating from Analysts at StockNews.com

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

CPS Technologies Stock Down 2.5 %

CPS Technologies stock opened at $1.55 on Wednesday. The firm has a 50-day moving average price of $1.69 and a two-hundred day moving average price of $1.58. The firm has a market capitalization of $22.52 million, a price-to-earnings ratio of -11.07 and a beta of 1.32. CPS Technologies has a 52-week low of $1.27 and a 52-week high of $2.46.

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

Institutional Investors Weigh In On CPS Technologies

A number of institutional investors have recently modified their holdings of CPSH. Virtu Financial LLC bought a new stake in shares of CPS Technologies during the 3rd quarter worth about $26,000. Citadel Advisors LLC grew its stake in shares of 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 acquiring an additional 5,751 shares during the last quarter. Renaissance Technologies LLC grew its position in 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 purchasing an additional 6,865 shares during the last quarter. Finally, Geode Capital Management LLC increased 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 valued at $178,000 after acquiring an additional 12,903 shares during the period. Institutional investors and hedge funds own 11.18% of the company’s stock.

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.