CPS Technologies (NASDAQ:CPSH) Releases Earnings Results, Beats Estimates By $0.01 EPS

CPS Technologies (NASDAQ:CPSH) posted its earnings results on Tuesday. The electronics maker reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01, Zacks reports. CPS Technologies had a return on equity of 0.38% and a net margin of 0.32%. The firm had revenue of $8.90 million during the quarter, compared to the consensus estimate of $8.54 million.

CPS Technologies Stock Performance

CPSH stock traded down $0.46 during midday trading on Thursday, reaching $3.39. The stock had a trading volume of 110,032 shares, compared to its average volume of 738,373. The firm has a fifty day simple moving average of $3.73 and a two-hundred day simple moving average of $4.72. CPS Technologies has a 52-week low of $3.03 and a 52-week high of $14.39. The stock has a market cap of $65.77 million, a PE ratio of -347.00 and a beta of 2.16.

Wall Street Analyst Weigh In

CPSH has been the subject of a number of recent research reports. Weiss Ratings downgraded CPS Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. Wall Street Zen cut shares of CPS Technologies from a “hold” rating to a “sell” rating in a research report on Sunday, August 16th. Finally, Roth Capital restated a “buy” rating and issued a $6.00 price objective (up from $5.50) on shares of CPS Technologies in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, CPS Technologies currently has an average rating of “Hold” and an average price target 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.