CPS Technologies (NASDAQ:CPSH) Coverage Initiated by Analysts at Roth Capital

Stock analysts at Roth Capital initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report issued on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a $6.00 price target on the electronics maker’s stock. Roth Capital’s price target would indicate a potential upside of 76.47% from the company’s previous close.

Other research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of CPS Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of CPS Technologies in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.00.

CPS Technologies Trading Up 3.0%

Shares of CPSH stock opened at $3.40 on Thursday. The company has a market capitalization of $61.13 million, a price-to-earnings ratio of -85.00 and a beta of 1.57. CPS Technologies has a twelve month low of $1.39 and a twelve month high of $4.89. The firm has a 50-day moving average price of $3.71 and a 200 day moving average price of $3.04.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings data on Friday, October 31st. The electronics maker reported $0.01 earnings per share for the quarter. The business had revenue of $8.80 million during the quarter. CPS Technologies had a negative net margin of 1.94% and a negative return on equity of 3.99%.

Insider Transactions at CPS Technologies

In related news, Director Francis J. Hughes, Jr. bought 18,333 shares of the business’s stock in a transaction dated Wednesday, October 8th. The shares were acquired at an average price of $3.00 per share, for a total transaction of $54,999.00. Following the purchase, the director owned 438,009 shares in the company, valued at $1,314,027. This trade represents a 4.37% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian T. Mackey acquired 16,500 shares of the business’s stock in a transaction on Wednesday, October 8th. The shares were purchased at an average price of $3.00 per share, for a total transaction of $49,500.00. Following the purchase, the chief executive officer directly owned 36,500 shares of the company’s stock, valued at $109,500. This represents a 82.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 70,166 shares of company stock valued at $211,173. Insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On CPS Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in CPS Technologies by 81.2% in the third quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock worth $94,000 after acquiring an additional 11,808 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of CPS Technologies during the 3rd quarter worth approximately $69,000. Jane Street Group LLC acquired a new stake in shares of CPS Technologies during the 2nd quarter worth approximately $98,000. Finally, XTX Topco Ltd bought a new stake in shares of CPS Technologies in the 1st quarter worth approximately $32,000. Institutional investors and hedge funds 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.