CPS Technologies (NASDAQ:CPSH) Research Coverage Started at StockNews.com

Posted by Patrick Bannon on Oct 9th, 2024

Research analysts at StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH – Get Free Report) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Performance

NASDAQ:CPSH opened at $1.45 on Tuesday. CPS Technologies has a fifty-two week low of $1.27 and a fifty-two week high of $2.83. The company has a 50 day simple moving average of $1.42 and a two-hundred day simple moving average of $1.63. The company has a market capitalization of $21.05 million, a PE ratio of 29.00 and a beta of 1.26.

CPS Technologies (NASDAQ:CPSH – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The electronics maker reported ($0.07) earnings per share for the quarter. The firm had revenue of $5.03 million for 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 shares of CPS Technologies Co. (NASDAQ:CPSH – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor 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. 11.18% of the stock is currently owned by institutional investors.

CPS Technologies Company Profile

(Get Free Report)

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.