CPS Technologies (NASDAQ:CPSH) Announces Earnings Results

CPS Technologies (NASDAQ:CPSH) posted its earnings results 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, reaching $1.52. 16,308 shares of the company’s stock traded hands, compared to its average volume of 76,183. The firm has a market capitalization of $22.08 million, a PE ratio of -10.86 and a beta of 1.32. CPS Technologies has a 12 month low of $1.27 and a 12 month high of $2.46. The firm has a 50 day moving average price of $1.73 and a two-hundred day moving average price of $1.56.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of CPS Technologies in a research note on Sunday. They issued a “hold” rating on the stock.

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.