CPS Technologies (NASDAQ:CPSH) Now Covered by StockNews.com

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

CPS Technologies Stock Performance

Shares of NASDAQ CPSH opened at $1.59 on Wednesday. The stock’s 50-day simple moving average is $1.68 and its 200-day simple moving average 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 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 earnings results on Wednesday, March 12th. The electronics maker reported ($0.07) EPS for the quarter. CPS Technologies had a negative net margin of 9.12% and a negative return on equity of 12.02%. The company had revenue of $5.93 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CPSH. Virtu Financial LLC acquired a new stake in shares of CPS Technologies in the third quarter valued at approximately $26,000. Geode Capital Management LLC boosted 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 worth $178,000 after purchasing an additional 12,903 shares during the period. Renaissance Technologies LLC increased its stake in CPS Technologies by 8.6% in 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 during the period. Finally, Citadel Advisors LLC raised its holdings in shares of 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 buying an additional 5,751 shares during the last quarter. Hedge funds and other institutional investors own 11.18% of the company’s 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.