Brian Mackey Buys 16,500 Shares of CPS Technologies (NASDAQ:CPSH) Stock

Key Points

• CEO Brian Mackey purchased 16,500 shares of CPS Technologies stock at $3.00 per share, increasing his ownership by 82.50% to a total of 36,500 shares valued at $109,500.
• CPS Technologies’ stock price reached $3.98 during mid-day trading, with a market capitalization of $57.83 million and a 52-week high of $4.33.
• Analysts have mixed ratings on CPS Technologies, with one investment firm rating it a Sell and others maintaining a "hold" rating, highlighting the uncertainty in its stock valuation.

CPS Technologies Corp. (NASDAQ:CPSH - Get Free Report) CEO Brian Mackey bought 16,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 8th. The stock was purchased at an average cost of $3.00 per share, for a total transaction of $49,500.00. Following the completion of the purchase, the chief executive officer owned 36,500 shares of the company's stock, valued at $109,500. This trade represents a 82.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CPS Technologies Price Performance

CPS Technologies stock traded up $0.44 during mid-day trading on Thursday, reaching $3.98. 471,735 shares of the company traded hands, compared to its average volume of 121,938. The firm's 50 day moving average price is $3.37 and its 200 day moving average price is $2.61. The firm has a market capitalization of $57.83 million, a price-to-earnings ratio of -33.16 and a beta of 1.61. CPS Technologies Corp. has a 52-week low of $1.38 and a 52-week high of $4.33.

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

Hedge Funds Weigh In On CPS Technologies

Several institutional investors have recently made changes to their positions in CPSH. Citadel Advisors LLC lifted its stake in shares of CPS Technologies by 18.3% in the 4th quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker's stock worth $60,000 after purchasing an additional 5,751 shares during the period. XTX Topco Ltd bought a new stake in CPS Technologies during the 1st quarter worth approximately $32,000. Finally, Jane Street Group LLC bought a new stake in CPS Technologies during the 2nd quarter worth approximately $98,000. Institutional investors own 11.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of CPS Technologies to a "hold" rating in a research report on Saturday, July 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of CPS Technologies in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average 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.

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