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

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

CPS Technologies Stock Performance

Shares of CPSH stock opened at $1.61 on Friday. CPS Technologies has a 52-week low of $1.27 and a 52-week high of $2.54. The stock has a market cap of $23.39 million, a PE ratio of -11.50 and a beta of 1.25. The firm’s 50 day moving average price is $1.75 and its two-hundred day moving average price is $1.55.

Hedge Funds Weigh In On CPS Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in CPSH. Virtu Financial LLC bought a new position in shares of CPS Technologies during the third quarter worth $26,000. Geode Capital Management LLC boosted its position 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 worth $178,000 after purchasing an additional 12,903 shares in the last quarter. Renaissance Technologies LLC boosted its position 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 worth $140,000 after purchasing an additional 6,865 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position 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 worth $60,000 after purchasing an additional 5,751 shares in the last quarter. 11.18% of the stock is owned by institutional investors.

About CPS Technologies

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.