CPS Technologies (NASDAQ:CPSH) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Trading Up 1.9 %

NASDAQ CPSH opened at $1.62 on Friday. The firm has a market capitalization of $23.53 million, a PE ratio of -11.57 and a beta of 1.22. The business’s 50-day moving average price is $1.49 and its two-hundred day moving average price is $1.52. CPS Technologies has a 12 month low of $1.27 and a 12 month high of $2.59.

Institutional Investors 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) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.13% 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.