CPS Technologies (NASDAQ:CPSH) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report report published on Thursday. The brokerage issued a hold rating on the electronics maker’s stock.

CPS Technologies Price Performance

Shares of CPSH stock opened at $1.67 on Thursday. The company has a fifty day moving average price of $1.74 and a two-hundred day moving average price of $2.01. CPS Technologies has a one year low of $1.62 and a one year high of $3.08. The stock has a market cap of $24.25 million, a P/E ratio of 33.40 and a beta of 1.28.

CPS Technologies (NASDAQ:CPSH) last issued its earnings results on Wednesday, May 1st. The electronics maker reported ($0.01) EPS for the quarter. CPS Technologies had a return on equity of 4.47% and a net margin of 2.92%. The business had revenue of $5.91 million for the quarter.

Institutional Investors Weigh In On CPS Technologies

An institutional investor recently bought a new stake in CPS Technologies stock. Virtu Financial LLC bought a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) in the first quarter, according to its most recent 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 0.11% of CPS Technologies as of its most recent filing with the Securities and Exchange Commission. Institutional investors 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.