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

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

CPS Technologies Trading Down 1.8 %

Shares of CPSH opened at $1.64 on Thursday. CPS Technologies has a 12-month low of $1.27 and a 12-month high of $2.59. The company has a market cap of $23.82 million, a PE ratio of -11.71 and a beta of 1.22. The stock has a 50-day moving average price of $1.48 and a 200-day moving average price of $1.53.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC acquired a new position in CPS Technologies Co. (NASDAQ:CPSH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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.