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

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

CPS Technologies Stock Down 1.1 %

CPS Technologies stock opened at $1.73 on Monday. The firm has a market cap of $25.12 million, a price-to-earnings ratio of 19.22 and a beta of 1.41. CPS Technologies has a 52 week low of $1.62 and a 52 week high of $3.50. The business’s 50-day moving average price is $2.06 and its 200 day moving average price is $2.30.

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

Hedge Funds Weigh In On CPS Technologies

Hedge funds have recently bought and sold shares of the business. PDT Partners LLC purchased a new position in CPS Technologies during the second quarter worth approximately $33,000. Northern Trust Corp boosted its position in CPS Technologies by 29.3% during the fourth quarter. Northern Trust Corp now owns 24,539 shares of the electronics maker’s stock worth $58,000 after purchasing an additional 5,556 shares in the last quarter. Jane Street Group LLC purchased a new position in CPS Technologies during the second quarter worth approximately $67,000. Dimensional Fund Advisors LP boosted its position 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 worth $94,000 after purchasing an additional 7,031 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in CPS Technologies by 125.4% during 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. Hedge funds and other institutional investors own 11.18% of the company’s stock.

About CPS Technologies

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.