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

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

CPS Technologies Stock Down 4.3 %

Shares of NASDAQ:CPSH opened at $1.32 on Friday. The firm has a fifty day moving average of $1.55 and a two-hundred day moving average of $1.74. The firm has a market capitalization of $19.17 million, a P/E ratio of 26.40 and a beta of 1.26. CPS Technologies has a 12-month low of $1.27 and a 12-month high of $2.94.

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

Institutional Investors Weigh In On CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC acquired a new stake in CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.11% of CPS Technologies at the end of the most recent quarter. 11.18% of the stock is currently owned by institutional investors.

CPS Technologies Company Profile

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.