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

Equities researchers at StockNews.com began coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research note issued to investors on Monday. The firm set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Up 0.7 %

NASDAQ:CPSH opened at $1.53 on Monday. CPS Technologies has a 52 week low of $1.27 and a 52 week high of $2.46. The company has a market capitalization of $22.22 million, a P/E ratio of -10.93 and a beta of 1.32. The stock’s fifty day moving average is $1.71 and its two-hundred day moving average is $1.56.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings data 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 during the quarter. CPS Technologies had a negative net margin of 9.12% and a negative return on equity of 12.02%.

Institutional Investors Weigh In On CPS Technologies

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings 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 buying an additional 12,903 shares during the period. Renaissance Technologies LLC increased its holdings in CPS Technologies by 8.6% during the 4th 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 during the period. Citadel Advisors LLC increased its holdings in 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 purchasing an additional 5,751 shares during the period. Finally, Virtu Financial LLC purchased a new stake in CPS Technologies during the 3rd quarter worth about $26,000. Hedge funds and other institutional investors 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.