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

StockNews.com started coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report report published on Thursday morning. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Price Performance

CPSH stock opened at $1.37 on Thursday. CPS Technologies has a 12 month low of $1.27 and a 12 month high of $3.08. The company has a market cap of $19.89 million, a price-to-earnings ratio of 27.40 and a beta of 1.28. The company has a fifty day moving average price of $1.60 and a 200 day moving average price of $1.79.

CPS Technologies (NASDAQ:CPSH) last announced its earnings results on Wednesday, July 31st. The electronics maker reported ($0.07) EPS for the quarter. CPS Technologies had a negative net margin of 3.28% and a negative return on equity of 4.55%. The business had revenue of $5.03 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC acquired a new stake in CPS Technologies Co. (NASDAQ:CPSH) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 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 filing with the Securities and Exchange Commission. 11.18% of the stock is currently 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.