StockNews.com Begins Coverage on CPS Technologies (NASDAQ:CPSH)

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

CPS Technologies Stock Performance

NASDAQ CPSH opened at $1.58 on Wednesday. The stock’s fifty day moving average is $1.46 and its two-hundred day moving average is $1.53. The firm has a market capitalization of $22.96 million, a P/E ratio of -11.28 and a beta of 1.22. CPS Technologies has a fifty-two week low of $1.27 and a fifty-two week high of $2.59.

Institutional Investors Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC purchased a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.13% of CPS Technologies as of its most recent filing with the SEC. Hedge funds and other institutional investors own 11.18% of the company’s stock.

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.