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

Analysts at StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research note issued on Monday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Trading Down 2.2 %

CPSH opened at $1.76 on Monday. The stock has a market capitalization of $25.55 million, a P/E ratio of 19.56 and a beta of 1.41. CPS Technologies has a 12 month low of $1.62 and a 12 month high of $3.50. The firm’s fifty day simple moving average is $2.08 and its 200 day simple moving average is $2.32.

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

Institutional Investors Weigh In On CPS Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. PDT Partners LLC acquired a new position in shares of CPS Technologies during the 2nd quarter worth about $33,000. Jane Street Group LLC acquired a new position in shares of CPS Technologies during the 2nd quarter worth about $67,000. Northern Trust Corp increased its stake in shares of CPS Technologies by 32.7% during the 2nd quarter. Northern Trust Corp now owns 22,001 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 5,420 shares during the last quarter. Dimensional Fund Advisors LP increased its stake 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 worth $94,000 after purchasing an additional 7,031 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake 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 worth $187,000 after purchasing an additional 20,000 shares during the last quarter. 11.18% of the stock is owned by 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.