StockNews.com Begins Coverage on CPS Technologies (NASDAQ:CPSH)

Analysts at StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report issued on Sunday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Down 1.9 %

CPSH opened at $1.51 on Friday. The stock has a market capitalization of $21.93 million, a price-to-earnings ratio of -10.78 and a beta of 1.32. CPS Technologies has a twelve month low of $1.27 and a twelve month high of $2.46. The company has a 50-day simple moving average of $1.73 and a 200 day simple moving average of $1.55.

Institutional Trading of CPS Technologies

Several large investors have recently made changes to their positions in CPSH. Virtu Financial LLC bought a new stake in CPS Technologies during the third quarter worth $26,000. Citadel Advisors LLC raised its holdings in shares of CPS Technologies by 18.3% during the 4th quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock worth $60,000 after buying an additional 5,751 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of CPS Technologies by 8.6% during the 4th quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock worth $140,000 after buying an additional 6,865 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in CPS Technologies by 13.2% in the fourth quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock valued at $178,000 after buying an additional 12,903 shares in the last quarter. 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.