CPS Technologies (NASDAQ:CPSH) Research Coverage Started at StockNews.com

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

CPS Technologies Stock Up 14.5 %

Shares of CPSH opened at $1.74 on Friday. The stock has a market capitalization of $25.28 million, a P/E ratio of -12.43 and a beta of 1.14. The firm has a fifty day simple moving average of $1.55 and a two-hundred day simple moving average of $1.59. CPS Technologies has a twelve month low of $1.27 and a twelve month high of $2.46.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CPSH. Citadel Advisors LLC raised its holdings 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 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 period. Geode Capital Management LLC raised its stake 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 buying an additional 12,903 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in CPS Technologies during the 3rd quarter valued at $26,000. 11.18% of the stock is currently owned by institutional investors.

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.