StockNews.com Begins Coverage on CPS Technologies (NASDAQ:CPSH)

Equities researchers at StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the electronics maker’s stock.

CPS Technologies Trading Up 4.1 %

Shares of NASDAQ CPSH opened at $1.76 on Friday. CPS Technologies has a 1-year low of $1.27 and a 1-year high of $2.59. The stock has a fifty day simple moving average of $1.55 and a two-hundred day simple moving average of $1.52. The firm has a market cap of $25.56 million, a price-to-earnings ratio of -12.57 and a beta of 1.22.

Hedge Funds Weigh In On CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC purchased a new position in CPS Technologies Co. (NASDAQ:CPSH) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 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 reporting period. 11.18% of the stock is currently owned by institutional investors and hedge funds.

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.