Insider Buying: CPS Technologies (NASDAQ:CPSH) CFO Purchases $12,000.00 in Stock

CPS Technologies Corp. (NASDAQ:CPSH) CFO Charles Kellogg Griffith, Jr. purchased 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The stock was purchased at an average price of $3.00 per share, with a total value of $12,000.00. Following the completion of the purchase, the chief financial officer directly owned 41,792 shares of the company’s stock, valued at approximately $125,376. This represents a 10.58% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

CPS Technologies Stock Performance

NASDAQ:CPSH opened at $4.48 on Friday. The company has a market capitalization of $80.55 million, a price-to-earnings ratio of -37.33 and a beta of 1.61. CPS Technologies Corp. has a one year low of $1.38 and a one year high of $4.55. The stock has a 50-day simple moving average of $3.42 and a 200 day simple moving average of $2.65.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings results on Wednesday, July 30th. The electronics maker reported $0.01 EPS for the quarter. The business had revenue of $8.08 million during the quarter. CPS Technologies had a negative return on equity of 12.35% and a negative net margin of 7.13%.

Analysts Set New Price Targets

CPSH has been the subject of a number of research reports. Wall Street Zen upgraded CPS Technologies to a “hold” rating in a research note on Saturday, July 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CPS Technologies in a report on Wednesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CPS Technologies has a consensus rating of “Sell”.

Institutional Investors Weigh In On CPS Technologies

A number of hedge funds have recently made changes to their positions in the business. 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 valued at $60,000 after buying an additional 5,751 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of CPS Technologies during the first quarter valued at approximately $32,000. Finally, Jane Street Group LLC bought a new stake in shares of CPS Technologies during the second quarter valued at approximately $98,000. 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.