CPS Technologies (NASDAQ:CPSH) Earns Hold Rating from Analysts at StockNews.com

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

CPS Technologies Price Performance

Shares of NASDAQ:CPSH opened at $1.52 on Friday. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.46. The company has a market capitalization of $22.08 million, a PE ratio of -10.86 and a beta of 1.14. The business has a fifty day moving average price of $1.55 and a two-hundred day moving average price of $1.59.

CPS Technologies (NASDAQ:CPSH) last issued its quarterly earnings results on Wednesday, March 12th. The electronics maker reported ($0.07) earnings per share for the quarter. CPS Technologies had a negative return on equity of 12.02% and a negative net margin of 9.12%. The company had revenue of $5.93 million during the quarter.

Hedge Funds Weigh In On CPS Technologies

Institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC raised its stake in shares of 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 buying an additional 5,751 shares during the period. Renaissance Technologies LLC raised its stake in CPS Technologies by 8.6% in the 4th quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock valued at $140,000 after acquiring an additional 6,865 shares during the period. Geode Capital Management LLC lifted its holdings in CPS Technologies by 13.2% during the fourth quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock valued at $178,000 after purchasing an additional 12,903 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in CPS Technologies during the third 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.