Equities researchers at StockNews.com began coverage on shares of CPS Technologies (NASDAQ:CPSH – Get Rating) in a report released on Saturday. The firm sets a “hold” rating on the electronics maker’s stock.
CPS Technologies Price Performance
CPS Technologies stock opened at $2.88 on Friday. The firm has a 50-day simple moving average of $3.01 and a 200-day simple moving average of $3.19. CPS Technologies has a 1-year low of $2.47 and a 1-year high of $5.85. The stock has a market cap of $41.58 million, a price-to-earnings ratio of 20.57 and a beta of 1.79.
CPS Technologies (NASDAQ:CPSH – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The electronics maker reported $0.07 EPS per quarter. The firm had revenue of $6.75 million for the quarter. CPS Technologies had a net margin of 7.80% and a return on equity of 14.67%.
Institutional Trading of CPS Technologies
Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in shares of CPS Technologies by 125.4% in the first quarter. NewEdge Advisors LLC now owns 35,952 shares of the electronics maker’s stock valued at $187,000 after purchasing an additional 20,000 shares during the period. Northern Trust Corp grew its stake in CPS Technologies by 32.7% during the second quarter. Northern Trust Corp now owns 22,001 shares of the electronics maker’s stock worth $68,000 after buying an additional 5,420 shares during the period. Millennium Management LLC lifted its position in shares of CPS Technologies by 291.2% during the second quarter. Millennium Management LLC now owns 65,456 shares of the electronics maker’s stock worth $199,000 after purchasing an additional 48,725 shares in the last quarter. PDT Partners LLC acquired a new stake in CPS Technologies in the second quarter valued at $33,000. Finally, Jane Street Group LLC bought a new stake in CPS Technologies during the second quarter valued at $67,000. Institutional investors and hedge funds own 9.37% of the company’s stock.
CPS Technologies Company Profile
CPS Technologies Corporation produces and sells advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets. It primarily offers metal matrix composites that are a combination of metal and ceramic, 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 heatspreaders used with integrated circuits for use in internet switches and routers.
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