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

Equities researchers at StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report released on Saturday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Performance

CPS Technologies stock opened at $1.44 on Friday. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.59. The firm has a 50 day moving average price of $1.42 and a 200 day moving average price of $1.58. The company has a market cap of $20.92 million, a price-to-earnings ratio of -10.28 and a beta of 1.25.

Institutional Investors Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC purchased a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.11% of CPS Technologies as of its most recent SEC filing. 11.18% of the stock is owned by institutional investors and hedge funds.

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.