CPS Technologies (NASDAQ:CPSH) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report released on Sunday. The brokerage issued a hold rating on the electronics maker’s stock.

CPS Technologies Stock Performance

Shares of CPSH stock opened at $1.57 on Friday. The stock has a fifty day moving average price of $1.73 and a 200 day moving average price of $1.55. The stock has a market cap of $22.81 million, a PE ratio of -11.21 and a beta of 1.32. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.46.

Hedge Funds Weigh In On CPS Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC raised its holdings in CPS Technologies by 18.3% during 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 during the last quarter. Renaissance Technologies LLC raised its holdings in shares of 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 acquiring an additional 6,865 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 acquiring an additional 12,903 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of CPS Technologies in the third quarter worth $26,000. 11.18% of the stock is owned by institutional investors and hedge funds.

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.