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

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

CPS Technologies Stock Performance

Shares of CPSH stock opened at $1.43 on Friday. The stock has a market cap of $20.76 million, a P/E ratio of 28.60 and a beta of 1.26. CPS Technologies has a 12 month low of $1.27 and a 12 month high of $2.85. The company has a 50 day simple moving average of $1.49 and a two-hundred day simple moving average of $1.67.

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

Institutional Trading of 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) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 SEC filing. 11.18% of the stock is owned by institutional investors.

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.