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

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

CPS Technologies Stock Performance

NASDAQ:CPSH opened at $1.63 on Friday. The firm has a market cap of $23.68 million, a price-to-earnings ratio of -11.64 and a beta of 1.22. CPS Technologies has a 52 week low of $1.27 and a 52 week high of $2.59. The firm’s 50-day simple moving average is $1.52 and its 200 day simple moving average is $1.52.

Institutional Investors 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) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 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.