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

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

CPS Technologies Stock Performance

Shares of NASDAQ CPSH opened at $1.55 on Thursday. CPS Technologies has a fifty-two week low of $1.27 and a fifty-two week high of $2.59. The company has a market cap of $22.52 million, a PE ratio of -11.07 and a beta of 1.22. The business has a 50-day simple moving average of $1.47 and a two-hundred day simple moving average of $1.53.

Institutional Trading of CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC acquired a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.13% of CPS Technologies at the end of the most recent quarter. Hedge funds and other institutional investors 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.