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

Equities researchers at StockNews.com initiated 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

NASDAQ:CPSH opened at $1.78 on Friday. The company has a market capitalization of $25.85 million, a price-to-earnings ratio of 35.61 and a beta of 1.42. CPS Technologies has a one year low of $1.62 and a one year high of $3.20. The stock has a 50-day simple moving average of $1.78 and a 200 day simple moving average of $2.14.

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

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 first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.11% of CPS Technologies as of its most recent SEC filing. 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.