StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH – Get Rating) in a research note published on Friday morning. The firm issued a hold rating on the electronics maker’s stock.
CPS Technologies Price Performance
NASDAQ CPSH opened at $3.00 on Friday. The stock’s fifty day moving average price is $2.86 and its 200 day moving average price is $3.07. The company has a market cap of $43.32 million, a price-to-earnings ratio of 21.43 and a beta of 1.81. CPS Technologies has a 1 year low of $2.47 and a 1 year high of $5.85.
Institutional Trading of CPS Technologies
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp grew its stake 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. Dimensional Fund Advisors LP raised its holdings in shares of CPS Technologies by 26.5% in the third quarter. Dimensional Fund Advisors LP now owns 33,583 shares of the electronics maker’s stock valued at $94,000 after buying an additional 7,031 shares during the last quarter. PDT Partners LLC acquired a new position in shares of CPS Technologies during the second quarter worth about $33,000. NewEdge Advisors LLC increased its stake in shares of CPS Technologies by 125.4% during 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 during the period. Finally, Jane Street Group LLC acquired a new position in CPS Technologies during the second quarter worth about $67,000. Institutional investors and hedge funds own 9.37% of the company’s stock.
CPS Technologies Company Profile
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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