StockNews.com Initiates Coverage on CPS Technologies (NASDAQ:CPSH)

Analysts at StockNews.com started coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report released on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Trading Up 0.7 %

NASDAQ CPSH opened at $1.68 on Tuesday. CPS Technologies has a 1-year low of $1.27 and a 1-year high of $2.46. The firm’s fifty day simple moving average is $1.71 and its 200-day simple moving average is $1.57. The company has a market capitalization of $24.40 million, a PE ratio of -12.00 and a beta of 1.32.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CPSH. Virtu Financial LLC bought a new stake in CPS Technologies in the third quarter worth $26,000. Citadel Advisors LLC boosted its stake in shares of 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 acquiring an additional 5,751 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of CPS Technologies by 8.6% during 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. Finally, Geode Capital Management LLC raised its stake in shares of CPS Technologies by 13.2% in the 4th quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock valued at $178,000 after acquiring an additional 12,903 shares in the last quarter. Institutional investors and hedge funds own 11.18% of the company’s stock.

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.