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

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

CPS Technologies Price Performance

NASDAQ CPSH opened at $1.44 on Friday. The firm’s fifty day moving average price is $1.42 and its 200 day moving average price is $1.58. The company has a market capitalization of $20.92 million, a price-to-earnings ratio of -10.28 and a beta of 1.25. CPS Technologies has a 12 month low of $1.27 and a 12 month high of $2.59.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC bought a new stake in CPS Technologies Co. (NASDAQ:CPSH) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.11% of CPS Technologies at the end of the most recent reporting period. 11.18% of the stock is currently owned by hedge funds and other institutional investors.

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.