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

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

CPS Technologies Trading Up 0.7 %

Shares of NASDAQ CPSH opened at $1.68 on Tuesday. CPS Technologies has a one year low of $1.27 and a one year high of $2.46. The business has a fifty day simple moving average of $1.71 and a 200 day simple moving average of $1.57. The firm has a market capitalization of $24.40 million, a price-to-earnings ratio of -12.00 and a beta of 1.32.

CPS Technologies (NASDAQ:CPSH) last released its quarterly earnings data on Wednesday, March 12th. The electronics maker reported ($0.07) EPS for the quarter. The business 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 have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in CPS Technologies in the third quarter valued at $26,000. Citadel Advisors LLC grew 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 purchasing an additional 5,751 shares during the last quarter. Renaissance Technologies LLC increased its position 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 worth $140,000 after purchasing an additional 6,865 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in CPS Technologies by 13.2% during 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 during the last quarter. 11.18% of the stock is 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.