CPS Technologies (NASDAQ:CPSH) CFO Charles Kellogg Griffith, Jr. Purchases 4,000 Shares

CPS Technologies Corp. (NASDAQ:CPSH) CFO Charles Kellogg Griffith, Jr. acquired 4,000 shares of the stock in a transaction dated Wednesday, October 8th. The shares were acquired at an average cost of $3.00 per share, with a total value of $12,000.00. Following the completion of the transaction, the chief financial officer owned 41,792 shares in the company, valued at approximately $125,376. This represents a 10.58% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

CPS Technologies Stock Performance

NASDAQ:CPSH opened at $3.98 on Friday. The stock has a 50-day simple moving average of $3.39 and a 200-day simple moving average of $2.62. The stock has a market cap of $57.83 million, a P/E ratio of -33.16 and a beta of 1.61. CPS Technologies Corp. has a 1 year low of $1.38 and a 1 year high of $4.33.

CPS Technologies (NASDAQ:CPSH) last released its quarterly earnings data on Wednesday, July 30th. The electronics maker reported $0.01 earnings per share (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%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CPSH shares. Wall Street Zen raised CPS Technologies to a “hold” rating in a research report on Saturday, July 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CPS Technologies in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of CPS Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in CPS Technologies during the 2nd quarter valued at approximately $98,000. XTX Topco Ltd purchased a new stake in CPS Technologies during the 1st quarter valued at approximately $32,000. Finally, Citadel Advisors LLC raised its stake in CPS Technologies by 18.3% during the 4th quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock valued at $60,000 after acquiring an additional 5,751 shares during the last quarter. 11.18% of the stock is owned by hedge funds and other institutional investors.

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.