CPS Technologies (NASDAQ:CPSH) Issues Earnings Results

CPS Technologies (NASDAQ:CPSH) announced its quarterly earnings data on Tuesday. The electronics maker reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01, Zacks reports. CPS Technologies had a negative net margin of 0.11% and a negative return on equity of 0.14%.

CPS Technologies Trading Down 1.4%

Shares of CPSH stock traded down $0.05 on Tuesday, hitting $3.49. 132,769 shares of the stock were exchanged, compared to its average volume of 742,166. The firm has a market capitalization of $67.67 million, a P/E ratio of -349.00 and a beta of 2.09. The business has a 50-day moving average of $3.75 and a 200 day moving average of $4.73. CPS Technologies has a fifty-two week low of $3.03 and a fifty-two week high of $14.39.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Zacks Research raised CPS Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen lowered CPS Technologies from a “hold” rating to a “sell” rating in a research report on Sunday, August 16th. Roth Capital reaffirmed a “buy” rating and issued a $6.00 price target (up from $5.50) on shares of CPS Technologies in a research note on Wednesday, August 12th. Finally, Weiss Ratings downgraded shares of CPS Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.00.

CPS Technologies Company Profile

CPS Technologies Corporation develops and manufactures advanced composite materials and engineered components for demanding industrial applications. The company’s products are designed to provide combinations of thermal management, electrical performance, lightweight construction, strength and durability that can be difficult to achieve with conventional materials.

Its product portfolio includes metal matrix composites such as aluminum-silicon carbide (AlSiC) and copper-based composites, along with ceramic matrix composite materials and related engineered structures.