CPS Technologies (NASDAQ:CPSH) Now Covered by StockNews.com

Equities research analysts at StockNews.com began coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research note issued on Thursday. The firm set a “hold” rating on the electronics maker’s stock.

CPS Technologies Price Performance

Shares of NASDAQ:CPSH opened at $1.40 on Thursday. The company has a market capitalization of $20.25 million, a price-to-earnings ratio of 27.90 and a beta of 1.28. The business’s 50-day moving average is $1.59 and its 200-day moving average is $1.78. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $3.08.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings data on Wednesday, July 31st. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. CPS Technologies had a negative net margin of 3.28% and a negative return on equity of 4.55%. The business had revenue of $5.03 million during the quarter.

Institutional Trading of CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC acquired a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission. 11.18% of the stock is owned by institutional investors and hedge funds.

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.