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

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

CPS Technologies Stock Up 4.1 %

CPSH stock opened at $1.76 on Friday. The firm has a market cap of $25.56 million, a PE ratio of -12.57 and a beta of 1.22. The business has a 50 day moving average of $1.55 and a 200-day moving average of $1.52. CPS Technologies has a 12-month low of $1.27 and a 12-month high of $2.59.

Hedge Funds Weigh In On CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC acquired a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 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.