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

StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research note issued to investors on Friday morning. The brokerage issued a hold rating on the electronics maker’s stock.

CPS Technologies Trading Down 4.3 %

Shares of CPSH stock opened at $1.32 on Friday. CPS Technologies has a 12-month low of $1.27 and a 12-month high of $2.94. The stock’s 50-day moving average price is $1.55 and its 200-day moving average price is $1.74. The stock has a market capitalization of $19.17 million, a price-to-earnings ratio of 26.40 and a beta of 1.28.

CPS Technologies (NASDAQ:CPSH) last released its quarterly earnings results on Wednesday, July 31st. The electronics maker reported ($0.07) EPS for the quarter. The company had revenue of $5.03 million during the quarter. CPS Technologies had a negative return on equity of 4.61% and a negative net margin of 3.28%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC purchased a new position in CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 quarter. Hedge funds and other institutional investors 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.