StockNews.com assumed coverage on shares of CPS Technologies (NASDAQ:CPSH – Free Report) in a research report released on Sunday. The brokerage issued a hold rating on the electronics maker’s stock.
CPS Technologies Stock Down 2.3 %
Shares of CPSH opened at $1.72 on Friday. The business’s 50-day moving average price is $1.55 and its 200-day moving average price is $1.52. CPS Technologies has a twelve month low of $1.27 and a twelve month high of $2.59. The stock has a market cap of $24.98 million, a PE ratio of -12.28 and a beta of 1.22.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC bought a new stake in CPS Technologies Co. (NASDAQ:CPSH – Free Report) during the third quarter, according to its most recent disclosure 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 approximately 0.13% of CPS Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 11.18% of the company’s stock.
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.
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