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

Equities research analysts at StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report issued on Saturday. The brokerage set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Performance

CPSH stock opened at $1.77 on Friday. CPS Technologies has a one year low of $1.62 and a one year high of $3.20. The company has a market capitalization of $25.70 million, a PE ratio of 35.41 and a beta of 1.42. The company’s 50 day moving average price is $1.78 and its two-hundred day moving average price is $2.14.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Wednesday, May 1st. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter. CPS Technologies had a net margin of 2.92% and a return on equity of 4.47%. The business had revenue of $5.91 million for the quarter.

Hedge Funds Weigh In On CPS Technologies

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 first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.11% of CPS Technologies as of its most recent SEC filing. 11.18% of the stock is currently owned by institutional investors.

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.