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

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

CPS Technologies Price Performance

Shares of CPSH stock opened at $1.59 on Wednesday. CPS Technologies has a 1-year low of $1.27 and a 1-year high of $2.46. The business’s fifty day moving average price is $1.68 and its 200 day moving average price is $1.58. The firm has a market capitalization of $23.10 million, a PE ratio of -11.36 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 (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%.

Hedge Funds Weigh In On CPS Technologies

Several hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC grew 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 valued at $60,000 after purchasing an additional 5,751 shares during the last quarter. Renaissance Technologies LLC grew its stake in CPS Technologies by 8.6% in the 4th quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock valued at $140,000 after acquiring an additional 6,865 shares during the last quarter. Geode Capital Management LLC increased 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 acquiring an additional 12,903 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of CPS Technologies in the third quarter valued at about $26,000. 11.18% of the stock is owned by hedge funds and other 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.