CPS Technologies Co. (NASDAQ:CPSH) CEO Brian T. Mackey Buys 7,500 Shares

CPS Technologies Co. (NASDAQ:CPSH) CEO Brian T. Mackey purchased 7,500 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average price of $1.55 per share, for a total transaction of $11,625.00. Following the completion of the purchase, the chief executive officer now directly owns 7,500 shares in the company, valued at $11,625. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

CPS Technologies Stock Performance

CPSH stock opened at $1.66 on Friday. CPS Technologies Co. has a 52 week low of $1.27 and a 52 week high of $2.46. The firm’s fifty day moving average is $1.71 and its 200 day moving average is $1.56. The firm has a market cap of $24.11 million, a P/E ratio of -11.86 and a beta of 1.32.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Wednesday, March 12th. The electronics maker reported ($0.07) earnings per share 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 Trading of CPS Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of CPSH. Geode Capital Management LLC grew its stake 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 worth $178,000 after acquiring an additional 12,903 shares during the period. Renaissance Technologies LLC lifted 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 valued at $140,000 after purchasing an additional 6,865 shares in the last quarter. Citadel Advisors LLC lifted its holdings in CPS Technologies by 18.3% during the fourth quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock valued at $60,000 after purchasing an additional 5,751 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in CPS Technologies during the third quarter valued at approximately $26,000. 11.18% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of CPS Technologies in a report on Monday. They set a “hold” rating on the stock.

About CPS Technologies

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.