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

Investment analysts at StockNews.com started coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report released on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Trading Up 2.0 %

Shares of NASDAQ:CPSH opened at $1.50 on Tuesday. The company has a 50 day moving average of $1.45 and a 200-day moving average of $1.54. The firm has a market cap of $21.79 million, a P/E ratio of -10.71 and a beta of 1.22. CPS Technologies has a twelve month low of $1.27 and a twelve month high of $2.59.

Institutional Trading of CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC purchased a new position in CPS Technologies Co. (NASDAQ:CPSH) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.13% of CPS Technologies at the end of the most recent quarter. 11.18% of the stock is currently owned by 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.