CPS Technologies (NASDAQ:CPSH) Receives New Coverage from Analysts at StockNews.com

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

CPS Technologies Stock Up 1.5 %

Shares of NASDAQ CPSH opened at $1.43 on Wednesday. The firm has a market cap of $20.76 million, a price-to-earnings ratio of 28.60 and a beta of 1.26. The company’s 50-day simple moving average is $1.41 and its 200-day simple moving average is $1.62. CPS Technologies has a 52-week low of $1.27 and a 52-week high of $2.72.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings data on Wednesday, July 31st. The electronics maker reported ($0.07) EPS for the quarter. The firm 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%.

Institutional Investors 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 shares of CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.11% of CPS Technologies at the end of the most recent quarter. 11.18% of the stock is currently owned by institutional investors and hedge funds.

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.