StockNews.com Initiates Coverage on CPS Technologies (NASDAQ:CPSH)

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

CPS Technologies Trading Down 0.4 %

CPSH stock opened at $1.42 on Friday. CPS Technologies has a 1-year low of $1.27 and a 1-year high of $2.59. The stock has a market cap of $20.63 million, a price-to-earnings ratio of -10.14 and a beta of 1.25. The company’s 50 day moving average is $1.43 and its 200 day moving average is $1.56.

Institutional Investors 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) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.11% of CPS Technologies as of its most recent SEC filing. 11.18% of the stock is currently owned by institutional investors and hedge funds.

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.