CPS Technologies (NASDAQ:CPSH) Announces Quarterly Earnings Results

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

CPS Technologies Stock Down 3.1 %

Shares of CPSH stock traded down $0.06 during trading hours on Thursday, hitting $1.73. 10,479 shares of the company’s stock traded hands, compared to its average volume of 33,447. The stock’s fifty day simple moving average is $1.92 and its two-hundred day simple moving average is $2.23. CPS Technologies has a 12-month low of $1.62 and a 12-month high of $3.50. The stock has a market cap of $25.05 million, a price-to-earnings ratio of 19.17 and a beta of 1.42.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of CPS Technologies in a report on Wednesday. They set a “hold” rating for the company.

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.