CPS Technologies (NASDAQ:CPSH) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research note released on Friday. The brokerage issued a hold rating on the electronics maker’s stock.

CPS Technologies Stock Performance

Shares of CPS Technologies stock opened at $1.88 on Friday. The stock’s 50-day simple moving average is $2.25 and its 200 day simple moving average is $2.42. CPS Technologies has a 52-week low of $1.62 and a 52-week high of $3.50. The stock has a market capitalization of $27.30 million, a P/E ratio of 20.89 and a beta of 1.44.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Wednesday, March 6th. The electronics maker reported $0.01 earnings per share for the quarter. CPS Technologies had a return on equity of 8.10% and a net margin of 4.98%. The firm had revenue of $6.75 million for the quarter.

Institutional Investors Weigh In On CPS Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. PDT Partners LLC bought a new position in shares of CPS Technologies in the second quarter worth approximately $33,000. Northern Trust Corp increased its position in shares of CPS Technologies by 29.3% in the fourth quarter. Northern Trust Corp now owns 24,539 shares of the electronics maker’s stock worth $58,000 after purchasing an additional 5,556 shares during the last quarter. Jane Street Group LLC bought a new position in shares of CPS Technologies in the second quarter worth approximately $67,000. Dimensional Fund Advisors LP increased its position in shares of CPS Technologies by 26.5% in the third quarter. Dimensional Fund Advisors LP now owns 33,583 shares of the electronics maker’s stock worth $94,000 after purchasing an additional 7,031 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in CPS Technologies by 125.4% in the first quarter. NewEdge Advisors LLC now owns 35,952 shares of the electronics maker’s stock worth $187,000 after buying an additional 20,000 shares in the last quarter. 11.33% of the stock is currently owned by institutional investors.

CPS Technologies Company Profile

CPS Technologies Corporation produces and sells advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets. It primarily offers metal matrix composites that are a combination of metal and ceramic, 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 heatspreaders for use in internet switches and routers.