CCSC Technology International (NASDAQ:CCTG) Shares Down 7% – What’s Next?

CCSC Technology International Holdings Limited (NASDAQ:CCTG) shares dropped 7% on Tuesday . The company traded as low as $0.50 and last traded at $0.5160. Approximately 95,021 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 116,474 shares. The stock had previously closed at $0.5550.

Analyst Ratings Changes

A number of research firms have commented on CCTG. Weiss Ratings reiterated a “sell (e+)” rating on shares of CCSC Technology International in a research report on Wednesday, January 21st. Wall Street Zen raised shares of CCSC Technology International to a “sell” rating in a research note on Saturday, January 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

CCSC Technology International Stock Performance

The company has a current ratio of 1.84, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. The business has a 50 day simple moving average of $0.96 and a two-hundred day simple moving average of $5.97.

About CCSC Technology International

CCSC Technology International Holdings Limited, through its subsidiaries, manufactures and sells interconnect products in Asia, Europe, and the Americas. It offers original equipment manufacturer and original design manufacture interconnect products, including connectors, cables, and wire harnesses used for a range of applications in various industries, such as industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The company was founded in 1993 and is headquartered in Sha Tin, Hong Kong.