CPS Technologies (NASDAQ:CPSH) Shares Pass Below 200-Day Moving Average of $2.28

Shares of CPS Technologies Co. (NASDAQ:CPSH) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.28 and traded as low as $1.76. CPS Technologies shares last traded at $1.78, with a volume of 8,189 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of CPS Technologies in a report on Tuesday. They set a “hold” rating for the company.

CPS Technologies Price Performance

The firm has a market capitalization of $25.84 million, a P/E ratio of 19.78 and a beta of 1.41. The stock’s 50-day simple moving average is $1.99 and its two-hundred day simple moving average is $2.27.

CPS Technologies (NASDAQ:CPSH) last issued its earnings results on Wednesday, March 6th. The electronics maker reported $0.01 earnings per share for the quarter. CPS Technologies had a net margin of 4.98% and a return on equity of 8.10%. The firm had revenue of $6.75 million during the quarter.

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.