Begins Coverage on CPS Technologies (NASDAQ:CPSH) initiated coverage on shares of CPS Technologies (NASDAQ:CPSHFree Report) in a research report report published on Sunday. The firm issued a hold rating on the electronics maker’s stock.

CPS Technologies Stock Performance

CPSH opened at $1.72 on Friday. The stock has a market cap of $24.97 million, a price-to-earnings ratio of 34.21 and a beta of 1.27. CPS Technologies has a fifty-two week low of $1.62 and a fifty-two week high of $3.15. The firm’s fifty day moving average is $1.77 and its 200 day moving average is $2.10.

CPS Technologies (NASDAQ:CPSHGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The electronics maker reported ($0.01) EPS for the quarter. The company had revenue of $5.91 million during the quarter. CPS Technologies had a return on equity of 4.47% and a net margin of 2.92%.

Institutional Trading of CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC bought a new stake in shares of CPS Technologies Co. (NASDAQ:CPSHFree Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 quarter. Institutional investors own 11.18% of the company’s stock.

About CPS Technologies

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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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