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

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

CPS Technologies Stock Down 3.3 %

CPSH opened at $1.47 on Tuesday. The stock has a market cap of $21.36 million, a P/E ratio of -10.50 and a beta of 1.22. CPS Technologies has a 12 month low of $1.27 and a 12 month high of $2.59. The company has a fifty day simple moving average of $1.45 and a 200 day simple moving average of $1.54.

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 shares of CPS Technologies Co. (NASDAQ:CPSH) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.13% of CPS Technologies as of its most recent filing with the SEC. Institutional investors and hedge funds 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.