CPS Technologies (NASDAQ:CPSH) Now Covered by StockNews.com

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

CPS Technologies Price Performance

Shares of NASDAQ CPSH opened at $1.42 on Wednesday. The stock has a market capitalization of $20.62 million, a P/E ratio of 28.40 and a beta of 1.26. CPS Technologies has a 1-year low of $1.27 and a 1-year high of $2.72. The business’s 50 day moving average is $1.41 and its two-hundred day moving average is $1.62.

CPS Technologies (NASDAQ:CPSH) last released its quarterly 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 net margin of 3.28% and a negative return on equity of 4.61%.

Institutional Trading of CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC bought a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission. 11.18% of the stock is owned by hedge funds and other 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.