CPS Technologies (NASDAQ:CPSH) Now Covered by Analysts at StockNews.com

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

CPS Technologies Price Performance

Shares of CPSH stock opened at $1.62 on Friday. The company has a market capitalization of $23.53 million, a P/E ratio of -11.57 and a beta of 1.22. The company’s 50-day simple moving average is $1.50 and its two-hundred day simple moving average is $1.52. CPS Technologies has a one year low of $1.27 and a one year high of $2.59.

Hedge Funds Weigh In On CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC bought a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.13% of CPS Technologies as of its most recent filing with the Securities and Exchange Commission. 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.