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

Equities research analysts at StockNews.com began coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Down 2.0 %

CPS Technologies stock opened at $1.44 on Friday. The firm has a market cap of $20.92 million, a PE ratio of -10.28 and a beta of 1.25. CPS Technologies has a 52-week low of $1.27 and a 52-week high of $2.59. The company’s 50 day moving average is $1.42 and its two-hundred day moving average is $1.58.

Institutional Investors 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 first quarter, according to its most recent Form 13F filing with the SEC. 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 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.