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

Research analysts at StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Trading Down 2.1 %

Shares of CPSH opened at $1.40 on Friday. CPS Technologies has a twelve month low of $1.27 and a twelve month high of $2.85. The firm has a market capitalization of $20.33 million, a P/E ratio of 28.00 and a beta of 1.26. The firm’s 50-day moving average is $1.48 and its two-hundred day moving average is $1.66.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Wednesday, July 31st. The electronics maker reported ($0.07) EPS for the quarter. The firm had revenue of $5.03 million for the quarter. CPS Technologies had a negative return on equity of 4.61% and a negative net margin of 3.28%.

Hedge Funds Weigh In On CPS Technologies

An institutional investor recently bought a new position 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 the company in its most recent filing with the SEC. The firm 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 at the end of the most recent quarter. 11.18% of the stock is owned by hedge funds and other institutional investors.

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.