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

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

CPS Technologies Price Performance

NASDAQ CPSH opened at $1.81 on Friday. CPS Technologies has a 12 month low of $1.27 and a 12 month high of $2.59. The stock has a market capitalization of $26.29 million, a P/E ratio of -12.93 and a beta of 1.22. The firm’s 50-day moving average is $1.53 and its two-hundred day moving average is $1.52.

Hedge Funds Weigh In On 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 Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned approximately 0.13% of CPS Technologies as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 11.18% of the company’s stock.

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.