StockNews.com Initiates Coverage on CPS Technologies (NASDAQ:CPSH)

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

CPS Technologies Price Performance

CPSH stock opened at $1.62 on Friday. The firm has a market cap of $23.53 million, a PE ratio of -11.57 and a beta of 1.22. CPS Technologies has a 12 month low of $1.27 and a 12 month high of $2.59. The firm has a 50 day simple moving average of $1.50 and a 200 day simple moving average of $1.52.

Hedge Funds 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 CPS Technologies Co. (NASDAQ:CPSH) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 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.