CPS Technologies (NASDAQ:CPSH) Shares Pass Below 200-Day Moving Average of $2.28

CPS Technologies Co. (NASDAQ:CPSH) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.28 and traded as low as $1.76. CPS Technologies shares last traded at $1.78, with a volume of 8,189 shares.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of CPS Technologies in a research note on Tuesday. They set a “hold” rating on the stock.

CPS Technologies Stock Performance

The firm’s 50-day moving average price is $1.99 and its two-hundred day moving average price is $2.27. The stock has a market cap of $25.84 million, a price-to-earnings ratio of 19.78 and a beta of 1.41.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Wednesday, March 6th. The electronics maker reported $0.01 earnings per share for the quarter. The firm had revenue of $6.75 million for the quarter. CPS Technologies had a net margin of 4.98% and a return on equity of 8.10%.

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.