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

StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research note published on Wednesday morning. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Stock Down 1.2 %

NASDAQ CPSH opened at $1.70 on Wednesday. CPS Technologies has a twelve month low of $1.62 and a twelve month high of $3.08. The stock has a market cap of $24.68 million, a P/E ratio of 34.01 and a beta of 1.27. The company’s 50-day simple moving average is $1.75 and its 200 day simple moving average is $2.03.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings data on Wednesday, May 1st. The electronics maker reported ($0.01) EPS for the quarter. The firm had revenue of $5.91 million during the quarter. CPS Technologies had a return on equity of 4.47% and a net margin of 2.92%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC purchased a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) during the 1st quarter, according to its most recent Form 13F filing with the 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 at the end of the most recent reporting period. 11.18% of the stock is currently 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.