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

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

CPS Technologies Stock Performance

Shares of CPSH stock opened at $1.72 on Wednesday. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.54. The firm has a market cap of $24.98 million, a price-to-earnings ratio of -12.28 and a beta of 1.25. The stock’s 50-day moving average is $1.68 and its two-hundred day moving average is $1.53.

Institutional Investors Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC purchased a new stake in CPS Technologies Co. (NASDAQ:CPSH) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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. 11.18% of the stock is 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.