CPS Technologies (NASDAQ:CPSH) Research Coverage Started at Roth Capital

Roth Capital assumed coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report released on Thursday, MarketBeat reports. The brokerage issued a buy rating and a $6.00 price target on the electronics maker’s stock.

Other equities analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CPS Technologies in a research report on Wednesday, October 8th. Wall Street Zen upgraded CPS Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CPS Technologies currently has an average rating of “Hold” and an average target price of $6.00.

CPS Technologies Trading Up 1.5%

NASDAQ:CPSH opened at $3.45 on Thursday. The stock has a fifty day simple moving average of $3.71 and a 200-day simple moving average of $3.06. The company has a market cap of $62.03 million, a price-to-earnings ratio of -86.25 and a beta of 1.57. CPS Technologies has a twelve month low of $1.39 and a twelve month high of $4.89.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings results on Friday, October 31st. The electronics maker reported $0.01 EPS for the quarter. The company had revenue of $8.80 million for the quarter. CPS Technologies had a negative net margin of 1.94% and a negative return on equity of 3.99%.

Insider Buying and Selling

In related news, Director Francis J. Hughes, Jr. purchased 18,333 shares of the business’s stock in a transaction dated Wednesday, October 8th. The shares were acquired at an average cost of $3.00 per share, for a total transaction of $54,999.00. Following the acquisition, the director owned 438,009 shares of the company’s stock, valued at $1,314,027. The trade was a 4.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ivo James Cavoli purchased 25,000 shares of CPS Technologies stock in a transaction dated Wednesday, October 8th. The stock was bought at an average cost of $3.00 per share, with a total value of $75,000.00. Following the completion of the transaction, the director owned 49,185 shares in the company, valued at approximately $147,555. This represents a 103.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 70,166 shares of company stock valued at $211,173 over the last 90 days. Corporate insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On CPS Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in CPS Technologies in the second quarter worth about $98,000. Dimensional Fund Advisors LP boosted its holdings in shares of CPS Technologies by 81.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock valued at $94,000 after buying an additional 11,808 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of CPS Technologies in the 1st quarter worth approximately $32,000. Finally, GSA Capital Partners LLP bought a new position in shares of CPS Technologies during the 3rd quarter worth approximately $69,000. 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.