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

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

CPS Technologies Stock Performance

Shares of NASDAQ:CPSH opened at $1.47 on Monday. The stock has a 50-day simple moving average of $1.44 and a 200-day simple moving average of $1.55. The stock has a market capitalization of $21.35 million, a P/E ratio of -10.64 and a beta of 1.25. CPS Technologies has a 1 year low of $1.27 and a 1 year 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 bought a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned approximately 0.13% of CPS Technologies at the end of the most recent quarter. 11.18% of the stock is currently 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.