CPS Technologies (NASDAQ:CPSH) Earns Hold Rating from Analysts at StockNews.com

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

CPS Technologies Stock Performance

NASDAQ CPSH opened at $1.61 on Friday. The firm has a 50-day simple moving average of $1.75 and a 200 day simple moving average of $1.55. CPS Technologies has a twelve month low of $1.27 and a twelve month high of $2.54. The stock has a market cap of $23.39 million, a PE ratio of -11.50 and a beta of 1.25.

Institutional Investors Weigh In On CPS Technologies

Several hedge funds have recently made changes to their positions in CPSH. Virtu Financial LLC bought a new stake in shares of CPS Technologies in the third quarter valued at about $26,000. Citadel Advisors LLC raised its position in CPS Technologies by 18.3% in the fourth quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock worth $60,000 after purchasing an additional 5,751 shares in the last quarter. Renaissance Technologies LLC raised its position in CPS Technologies by 8.6% in the fourth quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock worth $140,000 after purchasing an additional 6,865 shares in the last quarter. Finally, Geode Capital Management LLC raised its position 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 worth $178,000 after purchasing an additional 12,903 shares in the last quarter. Institutional investors own 11.18% of the company’s 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.