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

Posted by Tyrone Williams on Sep 17th, 2024

StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH – Free Report) in a research report released on Saturday. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Price Performance

NASDAQ CPSH opened at $1.38 on Friday. CPS Technologies has a fifty-two week low of $1.27 and a fifty-two week high of $2.85. The stock’s 50-day moving average is $1.51 and its two-hundred day moving average is $1.70. The firm has a market cap of $20.04 million, a P/E ratio of 27.30 and a beta of 1.26.

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

Institutional Trading of CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC bought a new stake 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 bought 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned 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

(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.