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

Posted by Caroline Horne on Oct 20th, 2024

StockNews.com began coverage on shares of CPS Technologies (NASDAQ:CPSH – Free Report) in a report published on Wednesday morning. The brokerage issued a hold rating on the electronics maker’s stock.

CPS Technologies Trading Down 0.7 %

CPSH opened at $1.41 on Wednesday. The stock’s 50 day simple moving average is $1.40 and its 200-day simple moving average is $1.61. The stock has a market cap of $20.47 million, a PE ratio of 28.20 and a beta of 1.26. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.72.

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

Institutional Investors Weigh In On CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC purchased a new stake in CPS Technologies Co. (NASDAQ:CPSH – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.11% of CPS Technologies at the end of the most recent reporting period. 11.18% of the stock is owned by institutional investors and hedge funds.

About CPS Technologies

(Get Free Report)

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.