CPS Technologies (NASDAQ:CPSH) Now Covered by StockNews.com

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

CPS Technologies Trading Up 2.9 %

Shares of NASDAQ CPSH opened at $1.79 on Monday. The firm’s 50-day moving average price is $2.03 and its 200-day moving average price is $2.30. CPS Technologies has a 1-year low of $1.62 and a 1-year high of $3.50. The firm has a market capitalization of $25.99 million, a P/E ratio of 19.89 and a beta of 1.41.

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

Institutional Trading of CPS Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in CPS Technologies by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 590,338 shares of the electronics maker’s stock worth $1,641,000 after purchasing an additional 23,087 shares during the period. Renaissance Technologies LLC raised its holdings in CPS Technologies by 135.9% in the second quarter. Renaissance Technologies LLC now owns 85,000 shares of the electronics maker’s stock worth $238,000 after buying an additional 48,968 shares during the last quarter. Millennium Management LLC raised its holdings in CPS Technologies by 55.8% in the fourth quarter. Millennium Management LLC now owns 74,589 shares of the electronics maker’s stock worth $201,000 after buying an additional 26,711 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of CPS Technologies by 125.4% during the first quarter. NewEdge Advisors LLC now owns 35,952 shares of the electronics maker’s stock valued at $187,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of CPS Technologies by 26.5% during the third quarter. Dimensional Fund Advisors LP now owns 33,583 shares of the electronics maker’s stock valued at $94,000 after purchasing an additional 7,031 shares during the last quarter. 11.18% of the stock is currently owned by hedge funds and other 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.