CPS Technologies (NASDAQ:CPSH) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Trading Down 3.4 %

Shares of NASDAQ:CPSH opened at $1.54 on Friday. The firm has a market cap of $22.37 million, a price-to-earnings ratio of -11.00 and a beta of 1.32. The stock’s 50-day moving average price is $1.73 and its two-hundred day moving average price is $1.55. CPS Technologies has a 12-month low of $1.27 and a 12-month high of $2.46.

Institutional Investors Weigh In On CPS Technologies

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in shares of CPS Technologies in the 3rd quarter valued at $26,000. Citadel Advisors LLC raised its position in shares of 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 buying an additional 5,751 shares during the period. Renaissance Technologies LLC boosted its holdings in CPS Technologies by 8.6% in the fourth 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 last quarter. Finally, Geode Capital Management LLC boosted its holdings 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 acquiring an additional 12,903 shares during the last quarter. 11.18% of the stock is currently owned by hedge funds and other 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.