Insider Buying: CPS Technologies (NASDAQ:CPSH) CEO Purchases $49,500.00 in Stock

CPS Technologies Corp. (NASDAQ:CPSH) CEO Brian Mackey bought 16,500 shares of CPS Technologies stock in a transaction on Wednesday, October 8th. The stock was acquired at an average price of $3.00 per share, for a total transaction of $49,500.00. Following the purchase, the chief executive officer owned 36,500 shares of the company’s stock, valued at approximately $109,500. This trade represents a 82.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

CPS Technologies Stock Up 12.6%

CPSH stock opened at $4.48 on Friday. The business’s fifty day simple moving average is $3.42 and its two-hundred day simple moving average is $2.65. CPS Technologies Corp. has a twelve month low of $1.38 and a twelve month high of $4.55. The firm has a market cap of $80.55 million, a price-to-earnings ratio of -37.33 and a beta of 1.61.

CPS Technologies (NASDAQ:CPSH) last released its earnings results on Wednesday, July 30th. The electronics maker reported $0.01 earnings per share for the quarter. CPS Technologies had a negative return on equity of 12.35% and a negative net margin of 7.13%.The business had revenue of $8.08 million for the quarter.

Hedge Funds Weigh In On CPS Technologies

Several institutional investors have recently made changes to their positions in CPSH. Jane Street Group LLC purchased a new position in shares of CPS Technologies during the second quarter valued at $98,000. XTX Topco Ltd purchased a new position in CPS Technologies in the first quarter valued at about $32,000. Finally, Citadel Advisors LLC grew its stake in CPS Technologies by 18.3% in the fourth quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock valued at $60,000 after purchasing an additional 5,751 shares during the last quarter. Hedge funds and other institutional investors own 11.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of CPS Technologies in a research note on Wednesday. Wall Street Zen upgraded CPS Technologies to a “hold” rating in a research note on Saturday, July 12th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About CPS Technologies

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.