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

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

CPS Technologies Stock Performance

CPSH opened at $1.46 on Tuesday. CPS Technologies has a fifty-two week low of $1.27 and a fifty-two week high of $2.83. The firm’s fifty day moving average is $1.41 and its 200 day moving average is $1.63.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Wednesday, July 31st. The electronics maker reported ($0.07) EPS for the quarter. The company had revenue of $5.03 million during the quarter. CPS Technologies had a negative return on equity of 4.61% and a negative net margin of 3.28%.

Institutional Trading of CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC purchased a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) during the 1st quarter, according to its most recent filing with the SEC. 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 at the end of the most recent quarter. 11.18% of the stock is currently 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.