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

StockNews.com began coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research note issued to investors 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. CPS Technologies has a 52-week low of $1.27 and a 52-week high of $2.59. The business’s 50 day moving average is $1.60 and its two-hundred day moving average is $1.52. The firm has a market cap of $28.04 million, a price-to-earnings ratio of -13.78 and a beta of 1.22.

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

Hedge Funds Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC bought a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.13% of CPS Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 11.18% of the company’s stock.

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.