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 note issued to investors on Monday. The firm set a “hold” rating on the electronics maker’s stock.

CPS Technologies Stock Performance

CPS Technologies stock opened at $1.88 on Monday. The company has a 50 day moving average price of $1.59 and a 200 day moving average price of $1.52. CPS Technologies has a 52 week low of $1.27 and a 52 week high of $2.59. The firm has a market capitalization of $27.29 million, a price-to-earnings ratio of -13.41 and a beta of 1.22.

CPS Technologies (NASDAQ:CPSH) last issued its quarterly earnings results on Wednesday, October 30th. The electronics maker reported ($0.07) earnings per share for the quarter. CPS Technologies had a negative net margin of 9.12% and a negative return on equity of 12.02%. The business had revenue of $4.25 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC acquired a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned approximately 0.13% of CPS Technologies at the end of the most recent quarter. Institutional investors 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.