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

Analysts at StockNews.com began coverage on shares of CPS Technologies (NASDAQ:CPSH) in a note issued to investors on Friday. The firm set a “hold” rating on the electronics maker’s stock.

CPS Technologies Price Performance

NASDAQ CPSH opened at $1.71 on Friday. The stock has a market capitalization of $24.85 million, a PE ratio of -12.21 and a beta of 1.25. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.54. The business’s 50-day moving average is $1.75 and its 200 day moving average is $1.54.

Institutional Trading of CPS Technologies

Several large investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in shares of 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 4th quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock worth $178,000 after acquiring an additional 12,903 shares during the period. Renaissance Technologies LLC grew its holdings 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 acquiring an additional 6,865 shares during the period. Finally, Citadel Advisors LLC grew 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 acquiring an additional 5,751 shares during the period. 11.18% of the stock is owned by 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.