CPS Technologies Co. (NASDAQ:CPSH) Director Ivo James Cavoli Purchases 7,000 Shares

CPS Technologies Co. (NASDAQ:CPSH) Director Ivo James Cavoli bought 7,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average price of $1.57 per share, with a total value of $10,990.00. Following the completion of the acquisition, the director now owns 7,000 shares of the company’s stock, valued at $10,990. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CPS Technologies Stock Performance

CPSH stock opened at $1.63 on Thursday. The firm has a market cap of $23.68 million, a P/E ratio of -11.64 and a beta of 1.32. CPS Technologies Co. has a 1 year low of $1.27 and a 1 year high of $2.46. The stock has a 50-day simple moving average of $1.71 and a 200-day simple moving average of $1.56.

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 firm had revenue of $5.93 million for the quarter. CPS Technologies had a negative net margin of 9.12% and a negative return on equity of 12.02%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of CPS Technologies in a research report on Monday. They set a “hold” rating for the company.

Institutional Trading of CPS Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 12,903 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of 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. Citadel Advisors LLC raised its holdings in shares of CPS Technologies by 18.3% during the fourth 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 period. Finally, Virtu Financial LLC acquired a new stake in CPS Technologies during the third quarter worth about $26,000. 11.18% of the stock is owned by hedge funds and other institutional investors.

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.