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

Stock analysts at StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Price Performance

Shares of CPSH stock opened at $1.99 on Thursday. The company has a 50-day moving average of $1.71 and a two-hundred day moving average of $1.54. CPS Technologies has a 1-year low of $1.27 and a 1-year high of $2.54. The firm has a market cap of $28.91 million, a PE ratio of -14.21 and a beta of 1.25.

Institutional Investors Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC purchased a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned approximately 0.13% of CPS Technologies as of its most recent SEC filing. 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.