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 released on Tuesday morning. The brokerage issued a hold rating on the electronics maker’s stock.

CPS Technologies Trading Down 0.5 %

Shares of CPSH opened at $1.82 on Tuesday. CPS Technologies has a twelve month low of $1.27 and a twelve month high of $2.54. The firm has a market capitalization of $26.44 million, a P/E ratio of -13.00 and a beta of 1.22. The stock’s fifty day simple moving average is $1.64 and its 200 day simple moving average is $1.53.

CPS Technologies (NASDAQ:CPSH) last released its quarterly earnings data on Wednesday, October 30th. The electronics maker reported ($0.07) EPS for the quarter. CPS Technologies had a negative return on equity of 12.02% and a negative net margin of 9.12%. The firm had revenue of $4.25 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC bought a new stake in CPS Technologies Co. (NASDAQ:CPSH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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. 11.18% of the stock is owned by hedge funds and other institutional investors.

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.