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

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

CPS Technologies Stock Performance

Shares of CPS Technologies stock opened at $1.72 on Monday. CPS Technologies has a 1 year low of $1.62 and a 1 year high of $3.50. The company’s fifty day simple moving average is $2.04 and its 200-day simple moving average is $2.30. The company has a market cap of $24.97 million, a price-to-earnings ratio of 19.11 and a beta of 1.41.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings results on Wednesday, March 6th. The electronics maker reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $6.75 million for the quarter. CPS Technologies had a net margin of 4.98% and a return on equity of 8.10%.

Institutional Trading of CPS Technologies

Several institutional investors have recently modified their holdings of the company. Northern Trust Corp lifted its position in CPS Technologies by 29.3% in the fourth quarter. Northern Trust Corp now owns 24,539 shares of the electronics maker’s stock worth $58,000 after purchasing an additional 5,556 shares during the period. Vanguard Group Inc. raised its stake in shares of CPS Technologies by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 590,338 shares of the electronics maker’s stock valued at $1,641,000 after buying an additional 23,087 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of CPS Technologies by 135.9% during the 2nd quarter. Renaissance Technologies LLC now owns 85,000 shares of the electronics maker’s stock worth $238,000 after acquiring an additional 48,968 shares during the period. Millennium Management LLC boosted its position in shares of CPS Technologies by 55.8% during the 4th quarter. Millennium Management LLC now owns 74,589 shares of the electronics maker’s stock valued at $201,000 after acquiring an additional 26,711 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in CPS Technologies by 26.5% in the third quarter. Dimensional Fund Advisors LP now owns 33,583 shares of the electronics maker’s stock valued at $94,000 after acquiring an additional 7,031 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.