CPS Technologies (NASDAQ:CPSH) Issues Earnings Results

CPS Technologies (NASDAQ:CPSH) announced its quarterly 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

NASDAQ:CPSH opened at $1.52 on Thursday. The business has a 50 day moving average price of $1.73 and a 200-day moving average price of $1.56. CPS Technologies has a fifty-two week low of $1.27 and a fifty-two week high of $2.46. The firm has a market cap of $22.08 million, a PE ratio of -10.86 and a beta of 1.32.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of CPS Technologies in a research report on Sunday. They issued 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.