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

StockNews.com initiated coverage on shares of CPS Technologies (NASDAQ:CPSH) in a report released on Wednesday morning. The brokerage issued a hold rating on the electronics maker’s stock.

CPS Technologies Stock Down 1.2 %

NASDAQ CPSH opened at $1.70 on Wednesday. The company has a market cap of $24.68 million, a PE ratio of 34.01 and a beta of 1.27. CPS Technologies has a 52 week low of $1.62 and a 52 week high of $3.08. The firm’s 50-day simple moving average is $1.75 and its two-hundred day simple moving average is $2.03.

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 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 Investors Weigh In On CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC bought a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period. 11.18% of the stock is 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.