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

CPS Technologies (NASDAQ:CPSH) issued its quarterly earnings data on Tuesday. The electronics maker reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 Performance

CPS Technologies stock traded down $0.05 during midday trading on Tuesday, hitting $3.49. 133,515 shares of the company’s stock were exchanged, compared to its average volume of 742,258. CPS Technologies has a 52-week low of $3.03 and a 52-week high of $14.39. The stock has a 50-day moving average price of $3.75 and a two-hundred day moving average price of $4.73. The company has a market cap of $67.67 million, a P/E ratio of -349.00 and a beta of 2.09.

Wall Street Analysts Forecast Growth

CPSH has been the topic of several analyst reports. Wall Street Zen cut CPS Technologies from a “hold” rating to a “sell” rating in a research report on Sunday, August 16th. Zacks Research raised shares of CPS Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Roth Capital restated a “buy” rating and issued a $6.00 price objective (up from $5.50) on shares of CPS Technologies in a research report on Wednesday, August 12th. Finally, Weiss Ratings cut shares of CPS Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.00.

About CPS Technologies

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.