StockNews.com Initiates Coverage on CPS Technologies (NASDAQ:CPSH)

Analysts at StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a note issued to investors on Sunday. The firm set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Performance

Shares of NASDAQ:CPSH opened at $1.40 on Friday. CPS Technologies has a one year low of $1.27 and a one year high of $2.85. The stock has a market capitalization of $20.33 million, a price-to-earnings ratio of 28.00 and a beta of 1.26. The company has a 50-day simple moving average of $1.48 and a 200-day simple moving average of $1.66.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings data on Wednesday, July 31st. The electronics maker reported ($0.07) earnings per share for the quarter. The company had revenue of $5.03 million for the quarter. CPS Technologies had a negative return on equity of 4.61% and a negative net margin of 3.28%.

Hedge Funds Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC acquired a new stake in CPS Technologies Co. (NASDAQ:CPSH) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.11% of CPS Technologies as of its most recent SEC filing. 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.