CPS Technologies (NASDAQ:CPSH) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Up 1.4 %

CPSH opened at $1.41 on Wednesday. CPS Technologies has a 12-month low of $1.27 and a 12-month high of $2.72. The business has a 50 day moving average of $1.41 and a 200-day moving average of $1.62. The stock has a market cap of $20.47 million, a price-to-earnings ratio of 28.20 and a beta of 1.26.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Wednesday, July 31st. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. CPS Technologies had a negative net margin of 3.28% and a negative return on equity of 4.61%. The business had revenue of $5.03 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC bought a new stake in CPS Technologies Co. (NASDAQ:CPSH) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.11% of CPS Technologies at the end of the most recent quarter. Institutional investors and hedge funds own 11.18% of the company’s stock.

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.