CPS Technologies (NASDAQ:CPSH) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSHFree Report) in a research report sent to investors on Sunday. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Price Performance

Shares of NASDAQ:CPSH opened at $2.42 on Friday. CPS Technologies has a 1-year low of $2.21 and a 1-year high of $3.50. The company has a market capitalization of $35.14 million, a P/E ratio of 24.20 and a beta of 1.47. The firm’s 50 day simple moving average is $2.36 and its two-hundred day simple moving average is $2.56.

Hedge Funds Weigh In On CPS Technologies

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in CPS Technologies by 4.1% during the third 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 in the last quarter. AMH Equity Ltd lifted its holdings in shares of CPS Technologies by 14.0% in the second quarter. AMH Equity Ltd now owns 300,000 shares of the electronics maker’s stock worth $840,000 after buying an additional 36,794 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of CPS Technologies by 135.9% in the second quarter. Renaissance Technologies LLC now owns 85,000 shares of the electronics maker’s stock worth $238,000 after buying an additional 48,968 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of CPS Technologies by 55.8% in the fourth quarter. Millennium Management LLC now owns 74,589 shares of the electronics maker’s stock worth $201,000 after buying an additional 26,711 shares in the last quarter. Finally, NewEdge Advisors LLC lifted 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 buying an additional 20,000 shares in the last quarter. Hedge funds and other institutional investors own 11.33% of the company’s stock.

About CPS Technologies

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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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