CPS Technologies Co. (NASDAQ:CPSH) Director Acquires $10,990.00 in Stock

CPS Technologies Co. (NASDAQ:CPSH) Director Ivo James Cavoli purchased 7,000 shares of the stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of $1.57 per share, with a total value of $10,990.00. Following the transaction, the director now owns 7,000 shares of the company’s stock, valued at $10,990. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

CPS Technologies Trading Up 7.2 %

CPSH stock opened at $1.78 on Friday. The stock has a 50-day moving average price of $1.71 and a two-hundred day moving average price of $1.57. CPS Technologies Co. has a 12-month low of $1.27 and a 12-month high of $2.46. The company has a market cap of $25.86 million, a PE ratio of -12.71 and a beta of 1.32.

CPS Technologies (NASDAQ:CPSH) last issued its earnings results on Wednesday, March 12th. The electronics maker reported ($0.07) earnings per share for the quarter. CPS Technologies had a negative return on equity of 12.02% and a negative net margin of 9.12%. The company had revenue of $5.93 million during the quarter.

Institutional Investors Weigh In On CPS Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in shares of CPS Technologies in the third quarter worth about $26,000. Citadel Advisors LLC boosted its position in shares of CPS Technologies by 18.3% in the fourth quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock worth $60,000 after buying an additional 5,751 shares during the period. Renaissance Technologies LLC boosted its position in shares of CPS Technologies by 8.6% in the fourth quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock worth $140,000 after buying an additional 6,865 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of CPS Technologies by 13.2% in the fourth quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock worth $178,000 after buying an additional 12,903 shares during the period. Hedge funds and other institutional investors own 11.18% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on CPS Technologies in a research report on Monday, March 17th. They set a “hold” rating for the company.

CPS Technologies Company Profile

CPS Technologies Corporation provides advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets in the United States, Europe, and Asia. The company offers metal matrix composites 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 heat spreaders for use in internet switches and routers.