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

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

CPS Technologies Stock Up 1.9 %

CPS Technologies stock opened at $1.63 on Friday. The stock has a market cap of $23.68 million, a PE ratio of -11.64 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’s 50-day moving average price is $1.52 and its two-hundred day moving average price is $1.52.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC bought a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 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 reporting period. 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.