Stock analysts at StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH – Get Rating) in a research report issued to clients and investors on Thursday. The firm sets a “hold” rating on the electronics maker’s stock.
CPS Technologies Trading Down 2.8 %
CPSH opened at $2.80 on Thursday. CPS Technologies has a 1-year low of $2.52 and a 1-year high of $4.75. The stock’s fifty day simple moving average is $2.87 and its 200 day simple moving average is $2.95. The stock has a market cap of $40.46 million, a PE ratio of 18.67 and a beta of 1.74.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. PDT Partners LLC bought a new position in CPS Technologies during the 2nd quarter worth $33,000. Jane Street Group LLC bought a new position in CPS Technologies during the 2nd quarter worth $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 buying an additional 5,420 shares during the period. 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 buying an additional 7,031 shares during the period. 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 buying an additional 20,000 shares during the period. Institutional investors own 9.37% of the company’s stock.
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.
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