CPS Technologies (NASDAQ:CPSH) Coverage Initiated by Analysts at StockNews.com

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

CPS Technologies Price Performance

NASDAQ:CPSH opened at $1.40 on Friday. The company has a market capitalization of $20.34 million, a P/E ratio of -10.00 and a beta of 1.25. The business has a fifty day simple moving average of $1.43 and a two-hundred day simple moving average of $1.56. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.59.

Hedge Funds Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC acquired a new position in CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned 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.