CPS Technologies (NASDAQ:CPSH) Coverage Initiated by Analysts at StockNews.com

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

CPS Technologies Stock Up 2.7 %

Shares of CPSH stock opened at $1.51 on Monday. The stock has a market cap of $21.94 million, a P/E ratio of -10.78 and a beta of 1.25. The business has a fifty day simple moving average of $1.44 and a 200-day simple moving average of $1.55. CPS Technologies has a fifty-two week low of $1.27 and a fifty-two week high of $2.59.

Institutional Investors Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC acquired a new stake in CPS Technologies Co. (NASDAQ:CPSH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned about 0.13% of CPS Technologies at the end of the most recent reporting period. 11.18% of the stock is owned by institutional investors.

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.