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

Research analysts at StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report issued on Tuesday. The firm set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Performance

CPSH stock opened at $1.76 on Tuesday. CPS Technologies has a fifty-two week low of $1.27 and a fifty-two week high of $2.54. The company has a market capitalization of $25.57 million, a price-to-earnings ratio of -12.57 and a beta of 1.22. The business’s 50 day moving average price is $1.65 and its two-hundred day moving average price is $1.53.

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

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 stake in shares of CPS Technologies Co. (NASDAQ:CPSH) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 quarter. Institutional investors and hedge funds 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.