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

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

CPS Technologies Stock Performance

Shares of CPS Technologies stock opened at $1.47 on Monday. CPS Technologies has a 12 month low of $1.40 and a 12 month high of $3.08. The stock’s fifty day moving average price is $1.69 and its 200-day moving average price is $1.89. The firm has a market cap of $21.34 million, a P/E ratio of 29.40 and a beta of 1.28.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC purchased a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 filing with the Securities & Exchange Commission. 11.18% of the stock is currently owned by institutional investors and hedge funds.

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.