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

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

CPS Technologies Price Performance

CPSH opened at $1.64 on Thursday. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.59. The stock’s 50 day simple moving average is $1.48 and its 200 day simple moving average is $1.53. The firm has a market cap of $23.82 million, a price-to-earnings ratio of -11.71 and a beta of 1.22.

Institutional Investors Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC acquired a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned about 0.13% of CPS Technologies at the end of the most recent quarter. 11.18% of the stock is owned by institutional investors and hedge funds.

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.