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

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

CPS Technologies Trading Down 2.2 %

CPS Technologies stock opened at $1.74 on Wednesday. The stock has a 50 day moving average of $1.75 and a two-hundred day moving average of $2.04. CPS Technologies has a twelve month low of $1.62 and a twelve month high of $3.08. The stock has a market capitalization of $25.26 million, a price-to-earnings ratio of 34.81 and a beta of 1.27.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings data on Wednesday, May 1st. The electronics maker reported ($0.01) earnings per share for the quarter. The firm had revenue of $5.91 million during the quarter. CPS Technologies had a net margin of 2.92% and a return on equity of 4.47%.

Institutional Investors Weigh In On CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC purchased a new stake in CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to 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 at the end of the most recent reporting period. 11.18% of the stock is owned by institutional investors and hedge funds.

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.