CPS Technologies Co. (NASDAQ:CPSH) Director Buys $10,990.00 in Stock

CPS Technologies Co. (NASDAQ:CPSH) Director Ivo James Cavoli bought 7,000 shares of CPS Technologies stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of $1.57 per share, with a total value of $10,990.00. Following the completion of the purchase, the director now directly owns 7,000 shares in the company, valued at $10,990. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

CPS Technologies Stock Up 6.5 %

CPSH stock opened at $1.63 on Thursday. The company has a market capitalization of $23.68 million, a P/E ratio of -11.64 and a beta of 1.32. The company has a 50-day simple moving average of $1.71 and a 200 day simple moving average of $1.56. CPS Technologies Co. has a fifty-two week low of $1.27 and a fifty-two week high of $2.46.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on CPS Technologies in a research note on Monday. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC grew its stake 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 boosted its holdings in CPS Technologies by 8.6% during the fourth 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of CPS Technologies by 13.2% in the fourth 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 in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of CPS Technologies during the 3rd quarter valued at $26,000. 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.