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

StockNews.com started coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report sent to investors on Friday. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Trading Down 3.2 %

Shares of CPSH opened at $1.52 on Friday. The firm has a market cap of $22.09 million, a PE ratio of -10.71 and a beta of 1.25. The stock has a fifty day moving average price of $1.41 and a 200-day moving average price of $1.59. CPS Technologies has a 12 month low of $1.27 and a 12 month 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 acquired a new stake in CPS Technologies Co. (NASDAQ:CPSH) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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. Hedge funds and other institutional investors own 11.18% of the company’s stock.

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.