CPS Technologies (NASDAQ:CPSH) Now Covered by StockNews.com

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

CPS Technologies Stock Performance

Shares of CPSH opened at $1.76 on Friday. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.59. The firm has a fifty day moving average of $1.55 and a 200-day moving average of $1.52. The company has a market cap of $25.57 million, a price-to-earnings ratio of -12.57 and a beta of 1.22.

Institutional Investors Weigh In On CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC bought a new stake in CPS Technologies Co. (NASDAQ:CPSH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.13% of CPS Technologies at the end of the most recent reporting period. Institutional investors 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.