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

Analysts at StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Performance

NASDAQ CPSH opened at $1.62 on Friday. CPS Technologies has a one year low of $1.27 and a one year high of $2.59. The company has a 50-day simple moving average of $1.50 and a 200-day simple moving average of $1.52. The firm has a market capitalization of $23.53 million, a PE ratio of -11.57 and a beta of 1.22.

Institutional Trading of CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC acquired a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 currently owned by hedge funds and other 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.