CPS Technologies (NASDAQ:CPSH) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

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

CPS Technologies Stock Down 1.4%

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

Analyst Ratings Changes

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