CPS Technologies (NASDAQ:CPSH) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Trading Down 0.4 %

Shares of CPSH opened at $1.42 on Thursday. The stock has a fifty day moving average price of $1.40 and a 200-day moving average price of $1.60. The firm has a market cap of $20.57 million, a PE ratio of 28.33 and a beta of 1.26. CPS Technologies has a 12 month low of $1.27 and a 12 month high of $2.68.

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

Institutional Trading of CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC acquired a new stake in CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.11% of CPS Technologies at the end of the most recent reporting period. 11.18% of the stock is currently owned by hedge funds and other institutional investors.

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.