CPS Technologies (NASDAQ:CPSH) Receives New Coverage from Analysts at StockNews.com

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

CPS Technologies Price Performance

NASDAQ:CPSH opened at $1.76 on Friday. The stock has a market cap of $25.56 million, a PE ratio of 19.56 and a beta of 1.41. CPS Technologies has a fifty-two week low of $1.62 and a fifty-two week high of $3.50. The stock’s 50-day moving average is $2.12 and its two-hundred day moving average is $2.34.

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

Institutional Investors Weigh In On CPS Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in CPS Technologies by 4.1% in the third quarter. Vanguard Group Inc. now owns 590,338 shares of the electronics maker’s stock worth $1,641,000 after buying an additional 23,087 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of CPS Technologies by 135.9% in the 2nd quarter. Renaissance Technologies LLC now owns 85,000 shares of the electronics maker’s stock valued at $238,000 after purchasing an additional 48,968 shares during the last quarter. Millennium Management LLC boosted 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 purchasing an additional 26,711 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in CPS Technologies by 125.4% in the first quarter. NewEdge Advisors LLC now owns 35,952 shares of the electronics maker’s stock worth $187,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in 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 buying an additional 7,031 shares in the last quarter. 11.18% of the stock is 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.