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

StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report issued on Thursday. The brokerage issued a hold rating on the electronics maker’s stock.

CPS Technologies Price Performance

Shares of NASDAQ:CPSH opened at $1.67 on Thursday. The company has a 50 day moving average of $1.48 and a 200-day moving average of $1.53. CPS Technologies has a one year low of $1.27 and a one year high of $2.59. The stock has a market cap of $24.26 million, a price-to-earnings ratio of -11.93 and a beta of 1.22.

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 stake in CPS Technologies Co. (NASDAQ:CPSH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned approximately 0.13% of CPS Technologies at the end of the most recent reporting period. 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.