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

StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report released on Thursday. The firm set a “hold” rating on the electronics maker’s stock.

CPS Technologies Trading Down 3.7 %

CPSH opened at $1.55 on Thursday. The firm has a market cap of $22.52 million, a price-to-earnings ratio of -11.07 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 stock has a fifty day moving average price of $1.47 and a 200-day moving average price of $1.53.

Institutional Trading of CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC bought a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 SEC filing. Hedge funds and other institutional investors 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.