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

by · The Cerbat Gem

StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH – Free Report) in a report published on Monday. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Trading Down 0.8 %

Shares of CPSH stock opened at $2.36 on Monday. The stock has a market cap of $34.27 million, a P/E ratio of 23.60 and a beta of 1.49. CPS Technologies has a twelve month low of $2.21 and a twelve month high of $3.50. The stock has a 50 day moving average of $2.42 and a 200 day moving average of $2.68.

CPS Technologies (NASDAQ:CPSH – Get Free Report) last posted its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $0.01 EPS for the quarter. The business had revenue of $6.29 million during the quarter. CPS Technologies had a return on equity of 9.08% and a net margin of 5.57%.

Institutional Investors Weigh In On CPS Technologies

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of CPS Technologies by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 590,338 shares of the electronics maker’s stock valued at $1,641,000 after purchasing an additional 23,087 shares during the period. Renaissance Technologies LLC increased its stake in CPS Technologies by 135.9% in the 2nd quarter. Renaissance Technologies LLC now owns 85,000 shares of the electronics maker’s stock valued at $238,000 after purchasing an additional 48,968 shares in the last quarter. AMH Equity Ltd increased its stake in CPS Technologies by 14.0% in the 2nd quarter. AMH Equity Ltd now owns 300,000 shares of the electronics maker’s stock valued at $840,000 after purchasing an additional 36,794 shares in the last quarter. Millennium Management LLC grew its holdings in CPS Technologies by 55.8% during the 4th quarter. Millennium Management LLC now owns 74,589 shares of the electronics maker’s stock valued at $201,000 after buying an additional 26,711 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in CPS Technologies by 26.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 33,583 shares of the electronics maker’s stock valued at $94,000 after buying an additional 7,031 shares during the last quarter. Hedge funds and other institutional investors own 11.33% of the company’s stock.

CPS Technologies Company Profile

(Get Free Report)

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 for use in internet switches and routers.

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