CPS Technologies (NASDAQ:CPSH) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report released on Monday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Price Performance

CPS Technologies stock opened at $1.42 on Monday. CPS Technologies has a 52-week low of $1.27 and a 52-week high of $2.83. The company has a fifty day simple moving average of $1.46 and a 200-day simple moving average of $1.65. The firm has a market capitalization of $20.62 million, a price-to-earnings ratio of 28.40 and a beta of 1.26.

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

Institutional Investors Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC purchased a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.11% of CPS Technologies as of its most recent SEC filing. 11.18% of the stock is owned by institutional investors and hedge funds.

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.