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

Analysts at StockNews.com began coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report issued on Friday. The firm set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Up 1.9 %

CPSH opened at $1.62 on Friday. The stock has a market cap of $23.53 million, a price-to-earnings ratio of -11.57 and a beta of 1.22. CPS Technologies has a 12-month low of $1.27 and a 12-month high of $2.59. The business has a 50 day moving average of $1.49 and a 200-day moving average of $1.52.

Institutional Trading of CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC purchased a new stake in CPS Technologies Co. (NASDAQ:CPSH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned about 0.13% of CPS Technologies as of its most recent filing with the Securities and Exchange Commission. Institutional investors 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.