CPS Technologies (NASDAQ:CPSH) Research Coverage Started at StockNews.com

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

CPS Technologies Trading Down 2.3 %

Shares of CPS Technologies stock opened at $1.72 on Friday. The business’s fifty day simple moving average is $1.55 and its 200 day simple moving average is $1.52. CPS Technologies has a 12 month low of $1.27 and a 12 month high of $2.59. The firm has a market capitalization of $24.98 million, a P/E ratio of -12.28 and a beta of 1.22.

Institutional Investors Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC purchased a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned approximately 0.13% of CPS Technologies at the end of the most recent quarter. 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.