Brian T. Mackey Acquires 7,500 Shares of CPS Technologies Co. (NASDAQ:CPSH) Stock

CPS Technologies Co. (NASDAQ:CPSH) CEO Brian T. Mackey bought 7,500 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were acquired at an average price of $1.55 per share, for a total transaction of $11,625.00. Following the transaction, the chief executive officer now owns 7,500 shares in the company, valued at approximately $11,625. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

CPS Technologies Trading Up 1.8 %

NASDAQ CPSH opened at $1.66 on Friday. The firm has a market capitalization of $24.11 million, a price-to-earnings ratio of -11.86 and a beta of 1.32. The firm’s 50 day simple moving average is $1.71 and its 200 day simple moving average is $1.56. CPS Technologies Co. has a 1 year low of $1.27 and a 1 year high of $2.46.

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

Hedge Funds Weigh In On CPS Technologies

Several large investors have recently modified their holdings of CPSH. Virtu Financial LLC bought a new position in CPS Technologies during the third quarter worth $26,000. Citadel Advisors LLC grew 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. Renaissance Technologies LLC grew its holdings in shares of CPS Technologies by 8.6% during the fourth quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock valued at $140,000 after buying an additional 6,865 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of CPS Technologies by 13.2% during the fourth quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock valued at $178,000 after buying an additional 12,903 shares during the last quarter. Institutional investors own 11.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of CPS Technologies in a research report on Monday. They set a “hold” rating on the 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.