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 report sent to investors on Wednesday morning. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Stock Performance

CPSH opened at $1.70 on Wednesday. The stock has a market capitalization of $24.68 million, a P/E ratio of 34.01 and a beta of 1.27. The company’s 50-day simple moving average is $1.75 and its two-hundred day simple moving average is $2.03. CPS Technologies has a 52-week low of $1.62 and a 52-week high of $3.08.

CPS Technologies (NASDAQ:CPSH) last released its quarterly earnings results on Wednesday, May 1st. The electronics maker reported ($0.01) EPS for the quarter. CPS Technologies had a net margin of 2.92% and a return on equity of 4.47%. The business had revenue of $5.91 million for the quarter.

Institutional Investors Weigh In On CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC purchased 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 purchased 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.11% of CPS Technologies as of its most recent SEC filing. Hedge funds and other 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.