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

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

CPS Technologies Stock Up 2.8 %

Shares of NASDAQ:CPSH opened at $1.93 on Monday. The business’s 50 day moving average is $1.60 and its 200 day moving average is $1.52. The stock has a market cap of $28.04 million, a P/E ratio of -13.78 and a beta of 1.22. CPS Technologies has a 52-week low of $1.27 and a 52-week high of $2.59.

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

Institutional Investors Weigh In On CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC acquired a new position in CPS Technologies Co. (NASDAQ:CPSH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned about 0.13% of CPS Technologies at the end of the most recent quarter. Institutional investors and hedge funds 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.