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

StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report released on Sunday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Trading Down 1.6 %

Shares of CPSH opened at $1.80 on Friday. The company has a market cap of $26.14 million, a PE ratio of 20.00 and a beta of 1.41. The stock has a 50-day moving average price of $2.14 and a 200-day moving average price of $2.35. CPS Technologies has a 12-month low of $1.62 and a 12-month high of $3.50.

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

Institutional Trading of CPS Technologies

Large investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its holdings 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 buying an additional 48,968 shares in the last quarter. Millennium Management LLC raised its holdings in shares of CPS Technologies by 291.2% during the 2nd quarter. Millennium Management LLC now owns 65,456 shares of the electronics maker’s stock valued at $199,000 after buying an additional 48,725 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of CPS Technologies by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 590,338 shares of the electronics maker’s stock valued at $1,641,000 after buying an additional 23,087 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of CPS Technologies during the 2nd quarter valued at about $67,000. Finally, NewEdge Advisors LLC raised its holdings 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 buying an additional 20,000 shares in the last quarter. 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.