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 Monday. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Price Performance

CPSH stock opened at $1.47 on Monday. The company has a market cap of $21.36 million, a P/E ratio of -10.50 and a beta of 1.25. The stock’s fifty day moving average price is $1.44 and its 200-day moving average price is $1.55. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.59.

Institutional Trading of CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC bought a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.11% of CPS Technologies as of its most recent SEC filing. 11.18% of the stock is 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.