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

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

CPS Technologies Price Performance

CPSH stock opened at $1.42 on Monday. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.83. The company has a market cap of $20.62 million, a P/E ratio of 28.40 and a beta of 1.26. The firm has a 50-day moving average of $1.46 and a 200 day moving average of $1.65.

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

Institutional Investors Weigh In On CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC bought a new position in CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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 quarter. Institutional investors and hedge funds 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.