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

Research analysts at StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report issued on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Performance

CPSH stock opened at $2.45 on Tuesday. The company has a market capitalization of $35.57 million, a price-to-earnings ratio of 24.50 and a beta of 1.63. CPS Technologies has a fifty-two week low of $2.43 and a fifty-two week high of $3.69. The stock has a fifty day moving average of $2.70 and a 200-day moving average of $2.82.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. AMH Equity Ltd bought a new position in CPS Technologies in the 1st quarter worth about $750,000. Renaissance Technologies LLC boosted its position in shares of CPS Technologies by 135.9% during the 2nd quarter. Renaissance Technologies LLC now owns 85,000 shares of the electronics maker’s stock valued at $238,000 after acquiring an additional 48,968 shares during the last quarter. Millennium Management LLC boosted its position in shares of CPS Technologies by 55.8% during the 4th quarter. Millennium Management LLC now owns 74,589 shares of the electronics maker’s stock valued at $201,000 after acquiring an additional 26,711 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of CPS Technologies by 125.4% during the 1st quarter. NewEdge Advisors LLC now owns 35,952 shares of the electronics maker’s stock valued at $187,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of CPS Technologies by 26.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 33,583 shares of the electronics maker’s stock valued at $94,000 after acquiring an additional 7,031 shares during the last quarter. Institutional investors own 11.33% of the company’s stock.

About CPS Technologies

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.