CPS Technologies (NASDAQ:CPSH) Issues Earnings Results

CPS Technologies (NASDAQ:CPSH) released its quarterly earnings results on Wednesday. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $5.91 million for the quarter. CPS Technologies had a net margin of 4.98% and a return on equity of 8.10%.

CPS Technologies Price Performance

Shares of NASDAQ CPSH traded down $0.05 during midday trading on Thursday, reaching $1.73. The company’s stock had a trading volume of 10,688 shares, compared to its average volume of 33,447. CPS Technologies has a 12-month low of $1.62 and a 12-month high of $3.50. The firm has a 50 day moving average price of $1.92 and a 200-day moving average price of $2.23. The stock has a market capitalization of $25.12 million, a P/E ratio of 19.17 and a beta of 1.42.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on CPS Technologies in a research note on Wednesday. They set a “hold” rating for the company.

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.