CPS Technologies (NASDAQ:CPSH) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research note published on Thursday morning. The brokerage issued a hold rating on the electronics maker’s stock.

CPS Technologies Stock Up 7.7 %

Shares of CPS Technologies stock opened at $1.67 on Thursday. The stock has a market capitalization of $24.26 million, a P/E ratio of -11.93 and a beta of 1.22. CPS Technologies has a 12-month low of $1.27 and a 12-month high of $2.59. The company has a 50-day simple moving average of $1.48 and a 200 day simple moving average of $1.53.

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 position in shares of CPS Technologies Co. (NASDAQ:CPSH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned about 0.13% of CPS Technologies as of its most recent filing with the Securities & Exchange Commission. 11.18% of the stock is owned by hedge funds and other 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.