Geode Capital Management LLC Acquires 12,903 Shares of CPS Technologies Co. (NASDAQ:CPSH)

Geode Capital Management LLC raised its holdings in shares of CPS Technologies Co. (NASDAQ:CPSH) by 13.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 110,786 shares of the electronics maker’s stock after purchasing an additional 12,903 shares during the period. Geode Capital Management LLC owned 0.76% of CPS Technologies worth $178,000 at the end of the most recent reporting period.

Separately, Virtu Financial LLC purchased a new position in CPS Technologies during the third quarter valued at approximately $26,000. Institutional investors and hedge funds own 11.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on CPS Technologies in a research report on Sunday. They set a “hold” rating on the stock.

CPS Technologies Price Performance

Shares of CPSH stock opened at $1.60 on Friday. The company has a market cap of $23.24 million, a P/E ratio of -11.43 and a beta of 1.23. The stock’s 50-day moving average is $1.55 and its 200 day moving average is $1.60. CPS Technologies Co. has a 1-year low of $1.27 and a 1-year high of $2.46.

CPS Technologies (NASDAQ:CPSH) last released its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $0.01 earnings per share for the quarter. The business had revenue of $7.51 million for the quarter. CPS Technologies had a negative net margin of 9.12% and a negative return on equity of 12.02%.

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.