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

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

CPS Technologies Price Performance

Shares of NASDAQ:CPSH opened at $1.76 on Tuesday. The company’s fifty day moving average price is $1.65 and its 200-day moving average price is $1.53. The firm has a market capitalization of $25.57 million, a price-to-earnings ratio of -12.57 and a beta of 1.22. CPS Technologies has a one year low of $1.27 and a one year high of $2.54.

CPS Technologies (NASDAQ:CPSH) last released its quarterly earnings results on Wednesday, October 30th. The electronics maker reported ($0.07) earnings per share for the quarter. The firm had revenue of $4.25 million for the quarter. CPS Technologies had a negative net margin of 9.12% and a negative return on equity of 12.02%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC bought a new position in CPS Technologies Co. (NASDAQ:CPSH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned about 0.13% of CPS Technologies at the end of the most recent reporting period. 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.