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

Analysts at StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the electronics maker’s stock.

CPS Technologies Price Performance

Shares of NASDAQ:CPSH opened at $1.59 on Friday. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.54. The company has a market capitalization of $23.10 million, a PE ratio of -11.36 and a beta of 1.25. The business has a fifty day moving average price of $1.74 and a two-hundred day moving average price of $1.55.

Institutional Trading of CPS Technologies

Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in shares of CPS Technologies during the 3rd quarter valued at approximately $26,000. Citadel Advisors LLC lifted its stake in CPS Technologies by 18.3% in the fourth quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock valued at $60,000 after purchasing an additional 5,751 shares during the last quarter. Renaissance Technologies LLC grew its holdings in CPS Technologies by 8.6% during the fourth quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock valued at $140,000 after purchasing an additional 6,865 shares during the period. Finally, Geode Capital Management LLC increased its position in CPS Technologies by 13.2% in the fourth quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock worth $178,000 after buying an additional 12,903 shares during the last quarter. Hedge funds and other institutional investors own 11.18% of the company’s stock.

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.