CPS Technologies (NASDAQ:CPSH) CFO Acquires $12,000.00 in Stock

Key Points

• CPS Technologies' CFO, Charles Kellogg Griffith, Jr., acquired 4,000 shares at $3.00 each, totaling $12,000, which increased his holdings by 10.58% to approximately $125,376.
• Over the past trading session, CPSH stock reached $3.98, showing a significant volume increase compared to its average, with a market cap of $57.83 million.
• Despite a recent upgrade to a "hold" rating from Wall Street Zen, the consensus rating remains "Sell," indicating cautious outlook from analysts regarding CPS Technologies' performance.

CPS Technologies Corp. (NASDAQ:CPSH - Get Free Report) CFO Charles Kellogg Griffith, Jr. purchased 4,000 shares of the firm's stock in a transaction dated Wednesday, October 8th. The stock was bought at an average cost of $3.00 per share, with a total value of $12,000.00. Following the purchase, the chief financial officer owned 41,792 shares of the company's stock, valued at approximately $125,376. This trade represents a 10.58% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CPS Technologies Stock Performance

Shares of CPSH stock traded up $0.44 on Thursday, hitting $3.98. The company had a trading volume of 471,735 shares, compared to its average volume of 121,938. The stock's 50-day moving average is $3.37 and its two-hundred day moving average is $2.61. CPS Technologies Corp. has a twelve month low of $1.38 and a twelve month high of $4.33. The firm has a market cap of $57.83 million, a P/E ratio of -33.16 and a beta of 1.61.

CPS Technologies (NASDAQ:CPSH - Get Free Report) last announced its quarterly earnings results 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 return on equity of 12.35% and a negative net margin of 7.13%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of CPS Technologies

Large investors have recently bought and sold shares of the company. Citadel Advisors LLC grew 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 valued at $60,000 after purchasing an additional 5,751 shares in the last quarter. XTX Topco Ltd bought a new stake in CPS Technologies during the first quarter valued at $32,000. Finally, Jane Street Group LLC bought a new stake in CPS Technologies during the second quarter valued at $98,000. 11.18% of the stock is owned by hedge funds and other institutional investors.

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.

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