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

Investment analysts at StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report issued on Monday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Up 3.8 %

Shares of CPSH stock opened at $1.88 on Monday. CPS Technologies has a 12 month low of $1.27 and a 12 month high of $2.59. The company has a market cap of $27.29 million, a PE ratio of -13.41 and a beta of 1.22. The business’s 50 day moving average is $1.59 and its two-hundred day moving average is $1.52.

CPS Technologies (NASDAQ:CPSH) last posted its earnings results on Wednesday, October 30th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. CPS Technologies had a negative net margin of 9.12% and a negative return on equity of 12.02%. The firm had revenue of $4.25 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC bought a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.13% of CPS Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 11.18% of the company’s stock.

About CPS Technologies

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.