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

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

CPS Technologies Stock Up 1.1 %

Shares of CPS Technologies stock opened at $1.43 on Thursday. CPS Technologies has a twelve month low of $1.27 and a twelve month high of $2.68. The company’s 50 day moving average is $1.40 and its 200 day moving average is $1.60. The company has a market cap of $20.69 million, a price-to-earnings ratio of 28.50 and a beta of 1.26.

CPS Technologies (NASDAQ:CPSH) last released its quarterly earnings results on Wednesday, July 31st. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $5.03 million during the quarter. CPS Technologies had a negative return on equity of 4.61% and a negative net margin of 3.28%.

Hedge Funds Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC purchased a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.11% of CPS Technologies at the end of the most recent reporting period. 11.18% of the stock is currently owned by institutional investors and hedge funds.

CPS Technologies Company Profile

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.