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

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

CPS Technologies Stock Performance

Shares of NASDAQ:CPSH opened at $1.63 on Friday. CPS Technologies has a 52-week low of $1.27 and a 52-week high of $2.59. The stock has a market capitalization of $23.68 million, a price-to-earnings ratio of -11.64 and a beta of 1.22. The stock’s 50-day simple moving average is $1.52 and its two-hundred day simple moving average is $1.52.

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 stake in shares of CPS Technologies Co. (NASDAQ:CPSH) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.13% of CPS Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 11.18% of the company’s stock.

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.