CPS Technologies (NASDAQ:CPSH) Announces Quarterly Earnings Results

CPS Technologies (NASDAQ:CPSH) released its quarterly earnings data on Wednesday. The electronics maker reported ($0.07) earnings per share for the quarter, Zacks reports. CPS Technologies had a negative net margin of 9.12% and a negative return on equity of 12.02%.

CPS Technologies Stock Performance

Shares of CPSH stock traded down $0.05 during mid-day trading on Wednesday, hitting $1.52. The company’s stock had a trading volume of 16,308 shares, compared to its average volume of 76,183. The stock has a market cap of $22.08 million, a price-to-earnings ratio of -10.86 and a beta of 1.32. CPS Technologies has a 52-week low of $1.27 and a 52-week high of $2.46. The business has a 50-day moving average price of $1.73 and a 200 day moving average price of $1.56.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of CPS Technologies in a report on Sunday. They set a “hold” rating on the stock.

CPS Technologies Company Profile

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.