CPS Technologies Co. (NASDAQ:CPSH) CEO Brian T. Mackey Buys 7,500 Shares

CPS Technologies Co. (NASDAQ:CPSH) CEO Brian T. Mackey acquired 7,500 shares of CPS Technologies stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $1.55 per share, with a total value of $11,625.00. Following the purchase, the chief executive officer now directly owns 7,500 shares of the company’s stock, valued at $11,625. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

CPS Technologies Stock Up 6.5 %

Shares of NASDAQ CPSH traded up $0.10 during trading hours on Wednesday, hitting $1.63. 68,315 shares of the stock were exchanged, compared to its average volume of 91,303. The company has a market cap of $23.68 million, a PE ratio of -11.64 and a beta of 1.32. CPS Technologies Co. has a 12 month low of $1.27 and a 12 month high of $2.46. The firm has a fifty day moving average price of $1.71 and a 200-day moving average price of $1.56.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings data on Wednesday, March 12th. The electronics maker reported ($0.07) earnings per share for the quarter. CPS Technologies had a negative return on equity of 12.02% and a negative net margin of 9.12%. The business had revenue of $5.93 million during the quarter.

Hedge Funds Weigh In On CPS Technologies

Several hedge funds have recently modified their holdings of CPSH. Virtu Financial LLC purchased a new stake in CPS Technologies during the 3rd quarter worth approximately $26,000. Geode Capital Management LLC grew its holdings 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 buying an additional 12,903 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of CPS Technologies by 8.6% in the 4th 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 during the period. Finally, Citadel Advisors LLC raised its stake in CPS Technologies by 18.3% in the 4th quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock worth $60,000 after acquiring an additional 5,751 shares during the last quarter. Institutional investors and hedge funds own 11.18% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on CPS Technologies in a research note on Monday. They issued a “hold” rating on the stock.

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.