Insider Buying: CPS Technologies (NASDAQ:CPSH) Director Buys 18,333 Shares of Stock

Key Points

• Francis Hughes, Jr., a director at CPS Technologies, purchased 18,333 shares of the company's stock for a total of $54,999, increasing his ownership to approximately 438,009 shares.
• Shares of CPS Technologies saw a price increase to $3.98, with a trading volume significantly above its average, indicating heightened market activity.
• Recent analyst ratings on CPSH indicate a consensus of "Sell", with some firms providing contrasting evaluations, reflecting mixed perspectives on the stock's outlook.

CPS Technologies Corp. (NASDAQ:CPSH - Get Free Report) Director Francis Hughes, Jr. acquired 18,333 shares of the stock in a transaction on Wednesday, October 8th. The shares were purchased at an average cost of $3.00 per share, with a total value of $54,999.00. Following the transaction, the director directly owned 438,009 shares of the company's stock, valued at approximately $1,314,027. This trade represents a 4.37% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

CPS Technologies Stock Performance

Shares of CPSH traded up $0.44 during trading hours on Thursday, hitting $3.98. The company had a trading volume of 471,735 shares, compared to its average volume of 121,938. The firm has a fifty day moving average price of $3.37 and a 200-day moving average price of $2.61. The stock 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 posted its quarterly earnings results on Wednesday, July 30th. The electronics maker reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $8.08 million during the quarter. CPS Technologies had a negative return on equity of 12.35% and a negative net margin of 7.13%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in shares of CPS Technologies during the 1st quarter valued at approximately $32,000. Jane Street Group LLC bought a new position in CPS Technologies in the 2nd quarter worth approximately $98,000. Finally, Citadel Advisors LLC boosted its stake in 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. 11.18% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.