CPS Technologies Co. (NASDAQ:CPSH) CEO Brian T. Mackey Buys 7,500 Shares of Stock

CPS Technologies Co. (NASDAQ:CPSH) CEO Brian T. Mackey bought 7,500 shares of the company’s stock in a transaction on Monday, March 17th. The stock was bought at an average price of $1.55 per share, for a total transaction of $11,625.00. Following the completion of the purchase, the chief executive officer now owns 7,500 shares of the company’s stock, valued at approximately $11,625. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CPS Technologies Trading Up 6.5 %

Shares of NASDAQ:CPSH opened at $1.63 on Thursday. CPS Technologies Co. has a 12 month low of $1.27 and a 12 month high of $2.46. The stock has a market cap of $23.68 million, a P/E ratio of -11.64 and a beta of 1.32. The company has a 50 day moving average of $1.71 and a 200 day moving average of $1.56.

CPS Technologies (NASDAQ:CPSH) last released its quarterly earnings results on Wednesday, March 12th. The electronics maker reported ($0.07) earnings per share for the quarter. CPS Technologies had a negative return on equity of 12.02% and a negative net margin of 9.12%. The firm had revenue of $5.93 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of CPS Technologies in 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 valued at $178,000 after purchasing an additional 12,903 shares during the last quarter. Renaissance Technologies LLC raised its position in CPS Technologies by 8.6% in the 4th 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 during the period. Finally, Citadel Advisors LLC lifted its stake 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 during the last quarter. 11.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on CPS Technologies in a report on Monday. They set a “hold” rating on the 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.