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

Stock analysts at StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Up 9.7 %

CPS Technologies stock opened at $1.59 on Friday. The company has a fifty day simple moving average of $1.40 and a 200-day simple moving average of $1.59. The firm has a market capitalization of $23.09 million, a price-to-earnings ratio of 31.80 and a beta of 1.26. CPS Technologies has a 52-week low of $1.27 and a 52-week high of $2.68.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings data on Wednesday, July 31st. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. The business 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 Investors Weigh In On CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC bought a new stake in CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.11% of CPS Technologies as of its most recent SEC filing. 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.