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

CPS Technologies (NASDAQ:CPSH) posted its quarterly earnings data on Tuesday. The electronics maker reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01, Zacks reports. CPS Technologies had a negative net margin of 0.11% and a negative return on equity of 0.14%. The company had revenue of $8.90 million for the quarter, compared to the consensus estimate of $8.54 million.

CPS Technologies Stock Performance

CPS Technologies stock opened at $3.48 on Wednesday. The stock has a 50-day simple moving average of $3.74 and a 200 day simple moving average of $4.72. The stock has a market capitalization of $67.48 million, a P/E ratio of -348.00 and a beta of 2.16. CPS Technologies has a 52 week low of $3.03 and a 52 week high of $14.39.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings cut shares of CPS Technologies from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, August 14th. Roth Capital restated a “buy” rating and issued a $6.00 price target (up from $5.50) on shares of CPS Technologies in a research note on Wednesday, August 12th. Finally, Wall Street Zen lowered CPS Technologies from a “hold” rating to a “sell” rating in a research report on Sunday, August 16th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, CPS Technologies has an average rating of “Hold” and a consensus target price 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.