CPS Technologies (NASDAQ:CPSH) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report sent to investors on Wednesday. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Stock Down 2.0 %

Shares of NASDAQ CPSH opened at $1.70 on Wednesday. The stock has a market capitalization of $24.63 million, a PE ratio of -12.11 and a beta of 1.25. The firm has a fifty day moving average of $1.68 and a 200-day moving average of $1.53. CPS Technologies has a 52-week low of $1.27 and a 52-week high of $2.54.

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 CPS Technologies Co. (NASDAQ:CPSH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned about 0.13% of CPS Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 11.18% of the stock is owned by institutional investors and hedge funds.

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.