CPS Technologies (NASDAQ:CPSH) Earns Hold Rating from Analysts at StockNews.com

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

CPS Technologies Trading Down 1.7 %

CPSH opened at $1.69 on Wednesday. CPS Technologies has a 1-year low of $1.27 and a 1-year high of $2.54. The company has a market capitalization of $24.56 million, a PE ratio of -12.07 and a beta of 1.25. The firm’s 50 day simple moving average is $1.68 and its two-hundred day simple moving average is $1.53.

Hedge Funds 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 the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 SEC filing. Hedge funds and other 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.