StockNews.com Initiates Coverage on CPS Technologies (NASDAQ:CPSH)

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

CPS Technologies Price Performance

NASDAQ CPSH opened at $1.40 on Friday. The stock has a market capitalization of $20.34 million, a P/E ratio of -10.00 and a beta of 1.25. The firm’s 50-day moving average is $1.43 and its two-hundred day moving average is $1.56. CPS Technologies has a 12 month low of $1.27 and a 12 month high of $2.59.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC purchased a new stake in CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned 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.