CPS Technologies (NASDAQ:CPSH) Earns Hold Rating from Analysts at StockNews.com

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

CPS Technologies Price Performance

CPSH stock opened at $1.43 on Friday. The business has a fifty day moving average price of $1.43 and a 200 day moving average price of $1.56. CPS Technologies has a fifty-two week low of $1.27 and a fifty-two week high of $2.59. The stock has a market capitalization of $20.71 million, a price-to-earnings ratio of -10.18 and a beta of 1.25.

Hedge Funds Weigh In On CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC bought a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.11% of CPS Technologies as of its most recent SEC filing. 11.18% of the stock is currently owned by institutional investors.

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.