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

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

CPS Technologies Price Performance

CPS Technologies stock opened at $1.69 on Friday. The stock has a market cap of $24.54 million, a price-to-earnings ratio of 33.81 and a beta of 1.28. CPS Technologies has a 1 year low of $1.60 and a 1 year high of $3.08. The firm has a 50-day moving average of $1.72 and a two-hundred day moving average of $1.93.

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

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 CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to the company in its most recent 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 as of its most recent filing with the SEC. Institutional investors and hedge funds own 11.18% of the company’s stock.

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.