CPS Technologies (NASDAQ:CPSH) Earns Hold Rating from Analysts at StockNews.com

Posted by Patrick Bannon on Sep 24th, 2024

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

CPS Technologies Stock Up 2.9 %

Shares of NASDAQ:CPSH opened at $1.44 on Friday. The firm has a market capitalization of $20.91 million, a P/E ratio of 28.80 and a beta of 1.26. CPS Technologies has a 12-month low of $1.27 and a 12-month high of $2.85. The firm has a fifty day moving average of $1.48 and a two-hundred day moving average of $1.66.

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

Hedge Funds Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC bought a new position in CPS Technologies Co. (NASDAQ:CPSH – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.11% of CPS Technologies as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.