CPS Technologies (NASDAQ:CPSH) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Performance

Shares of CPSH stock opened at $1.43 on Friday. CPS Technologies has a 12 month low of $1.27 and a 12 month high of $2.85. The firm’s 50 day moving average is $1.49 and its 200 day moving average is $1.67. The stock has a market capitalization of $20.76 million, a P/E ratio of 28.60 and a beta of 1.26.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC purchased a new position in CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.11% of CPS Technologies at the end of the most recent reporting period. 11.18% of the stock is currently owned by institutional investors.

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.