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

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

CPS Technologies Stock Up 2.7 %

Shares of CPSH opened at $1.51 on Monday. The stock has a 50 day moving average price of $1.44 and a 200 day moving average price of $1.55. CPS Technologies has a 52-week low of $1.27 and a 52-week high of $2.59. The company has a market capitalization of $21.94 million, a price-to-earnings ratio of -10.78 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 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 filing with the Securities and Exchange Commission (SEC). 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.