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

StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report report published on Saturday morning. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Stock Performance

CPSH stock opened at $1.59 on Friday. The firm has a 50 day moving average price of $1.74 and a 200-day moving average price of $1.55. CPS Technologies has a 52-week low of $1.27 and a 52-week high of $2.54. The firm has a market capitalization of $23.10 million, a price-to-earnings ratio of -11.36 and a beta of 1.25.

Hedge Funds Weigh In On CPS Technologies

Several large investors have recently made changes to their positions in CPSH. Virtu Financial LLC bought a new stake in shares of CPS Technologies during the third quarter valued at approximately $26,000. Geode Capital Management LLC increased its position in shares of CPS Technologies by 13.2% during the fourth quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock valued at $178,000 after acquiring an additional 12,903 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of CPS Technologies by 8.6% during the fourth quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock valued at $140,000 after acquiring an additional 6,865 shares in the last quarter. Finally, Citadel Advisors LLC increased its position in shares of CPS Technologies by 18.3% during the fourth quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock valued at $60,000 after acquiring an additional 5,751 shares in the last quarter. 11.18% of the stock is currently owned by hedge funds and other institutional investors.

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.