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

CPS Technologies Co. (NASDAQ:CPSH) Director Ivo James Cavoli purchased 7,000 shares of CPS Technologies stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $1.57 per share, with a total value of $10,990.00. Following the acquisition, the director now directly owns 7,000 shares of the company’s stock, valued at $10,990. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

CPS Technologies Stock Performance

Shares of CPSH opened at $1.78 on Friday. The company has a market capitalization of $25.86 million, a P/E ratio of -12.71 and a beta of 1.32. CPS Technologies Co. has a one year low of $1.27 and a one year high of $2.46. The stock has a 50-day moving average price of $1.71 and a 200 day moving average price of $1.57.

CPS Technologies (NASDAQ:CPSH) last released its earnings results on Wednesday, March 12th. The electronics maker reported ($0.07) EPS for the quarter. CPS Technologies had a negative return on equity of 12.02% and a negative net margin of 9.12%. The firm had revenue of $5.93 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Citadel Advisors LLC lifted its holdings in CPS Technologies by 18.3% during the 4th quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock worth $60,000 after buying an additional 5,751 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in CPS Technologies by 8.6% during the 4th quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock worth $140,000 after buying an additional 6,865 shares during the last quarter. Geode Capital Management LLC lifted 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 worth $178,000 after buying an additional 12,903 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in CPS Technologies during the 3rd quarter worth approximately $26,000. Institutional investors own 11.18% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on CPS Technologies in a report on Monday, March 17th. They issued a “hold” rating for the company.

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.