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

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

CPS Technologies Price Performance

CPSH opened at $1.76 on Friday. CPS Technologies has a 12-month low of $1.27 and a 12-month high of $2.59. The stock has a market capitalization of $25.57 million, a PE ratio of -12.57 and a beta of 1.22. The firm’s fifty day moving average price is $1.55 and its 200 day moving average price is $1.52.

Hedge Funds Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC bought a new position in CPS Technologies Co. (NASDAQ:CPSH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned approximately 0.13% of CPS Technologies at the end of the most recent quarter. Hedge funds and other institutional investors 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.