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

StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH – Get Rating) in a research note published on Tuesday. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Trading Down 2.8 %

NASDAQ CPSH opened at $3.10 on Tuesday. The stock has a 50-day simple moving average of $2.83 and a 200 day simple moving average of $2.91. The company has a market capitalization of $44.86 million, a PE ratio of 20.67 and a beta of 1.73. CPS Technologies has a 12 month low of $2.52 and a 12 month high of $4.21.

CPS Technologies (NASDAQ:CPSH – Get Rating) last released its quarterly earnings data on Tuesday, March 7th. The electronics maker reported $0.02 EPS for the quarter. The business had revenue of $6.12 million during the quarter. CPS Technologies had a return on equity of 14.07% and a net margin of 8.03%.

Institutional Investors Weigh In On CPS Technologies

Several large investors have recently modified their holdings of CPSH. NewEdge Advisors LLC increased its holdings in shares of CPS Technologies by 125.4% in the first quarter. NewEdge Advisors LLC now owns 35,952 shares of the electronics maker’s stock worth $187,000 after acquiring an additional 20,000 shares in the last quarter. Northern Trust Corp increased its holdings in shares of CPS Technologies by 32.7% in the second quarter. Northern Trust Corp now owns 22,001 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 5,420 shares in the last quarter. Millennium Management LLC increased its holdings in shares of CPS Technologies by 291.2% in the second quarter. Millennium Management LLC now owns 65,456 shares of the electronics maker’s stock worth $199,000 after acquiring an additional 48,725 shares in the last quarter. PDT Partners LLC bought a new stake in shares of CPS Technologies in the second quarter worth about $33,000. Finally, Jane Street Group LLC bought a new stake in shares of CPS Technologies in the second quarter worth about $67,000. 9.37% of the stock is currently owned by institutional investors.

About CPS Technologies

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CPS Technologies Corp. engages in the provision of advanced material solutions to the transportation, automotive, energy, computing or Internet, telecommunications, aerospace, defense, and oil and gas end markets. The firm focuses on the design, manufacture, and sale of custom metal matrix composite components.