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

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

CPS Technologies Stock Performance

Shares of CPSH opened at $1.47 on Monday. CPS Technologies has a one year low of $1.27 and a one year high of $2.59. The stock has a 50-day moving average price of $1.44 and a 200 day moving average price of $1.55. The company has a market capitalization of $21.35 million, a P/E ratio of -10.64 and a beta of 1.25.

Institutional Trading of CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC acquired a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 reporting period. 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.