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

Posted by on Aug 27th, 2023

Stock analysts at StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH – Get Free Report) in a research note issued on Sunday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Price Performance

Shares of CPS Technologies stock opened at $2.78 on Friday. CPS Technologies has a twelve month low of $2.52 and a twelve month high of $3.69. The company has a 50-day simple moving average of $2.85 and a two-hundred day simple moving average of $2.87. The stock has a market capitalization of $40.36 million, a price-to-earnings ratio of 17.38 and a beta of 1.65.

CPS Technologies (NASDAQ:CPSH – Get Free Report) last issued its earnings results on Wednesday, August 2nd. The electronics maker reported $0.04 EPS for the quarter. The company had revenue of $7.42 million during the quarter. CPS Technologies had a net margin of 8.46% and a return on equity of 14.41%.

Hedge Funds Weigh In On CPS Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in CPSH. PDT Partners LLC acquired a new position in CPS Technologies during the 2nd quarter worth approximately $33,000. Jane Street Group LLC acquired a new position in CPS Technologies during the 2nd quarter worth approximately $67,000. Northern Trust Corp increased its position in CPS Technologies by 32.7% during the 2nd quarter. Northern Trust Corp now owns 22,001 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 5,420 shares in the last quarter. Dimensional Fund Advisors LP increased its position 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 worth $94,000 after purchasing an additional 7,031 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in CPS Technologies by 125.4% during the 1st quarter. NewEdge Advisors LLC now owns 35,952 shares of the electronics maker’s stock worth $187,000 after purchasing an additional 20,000 shares in the last quarter. 11.02% of the stock is currently owned by institutional investors and hedge funds.

About CPS Technologies

(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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