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 Tuesday morning. The brokerage issued a hold rating on the electronics maker’s stock.

CPS Technologies Stock Performance

Shares of CPSH opened at $1.85 on Tuesday. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.54. The stock has a market capitalization of $26.81 million, a P/E ratio of -13.18 and a beta of 1.22. The company’s fifty day moving average is $1.66 and its two-hundred day moving average is $1.53.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings data on Wednesday, October 30th. The electronics maker reported ($0.07) EPS for the quarter. CPS Technologies had a negative net margin of 9.12% and a negative return on equity of 12.02%. The firm had revenue of $4.25 million during the quarter.

Institutional Trading of CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC bought a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 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 SEC. 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.