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

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

CPS Technologies Stock Down 0.6 %

NASDAQ CPSH opened at $1.68 on Thursday. The stock’s 50-day simple moving average is $1.74 and its two-hundred day simple moving average is $2.01. CPS Technologies has a twelve month low of $1.62 and a twelve month high of $3.08. The company has a market capitalization of $24.39 million, a price-to-earnings ratio of 33.61 and a beta of 1.28.

CPS Technologies (NASDAQ:CPSH) last announced 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 for 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 position in CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.11% of CPS Technologies as of its most recent SEC filing. 11.18% of the stock is currently owned by institutional investors.

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.