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

StockNews.com started coverage on shares of CPS Technologies (NASDAQ:CPSH) in a research report sent to investors on Tuesday. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Price Performance

Shares of CPSH opened at $1.82 on Tuesday. CPS Technologies has a 1-year low of $1.27 and a 1-year high of $2.54. The firm has a 50 day simple moving average of $1.64 and a 200-day simple moving average of $1.53. The stock has a market cap of $26.44 million, a price-to-earnings ratio of -13.00 and a beta of 1.22.

CPS Technologies (NASDAQ:CPSH) last released 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 return on equity of 12.02% and a negative net margin of 9.12%. The company had revenue of $4.25 million during the quarter.

Institutional Inflows and Outflows

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 third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 and Exchange Commission (SEC). 11.18% of the stock is owned by institutional investors and hedge funds.

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.