CPS Technologies (CPSH) Lowered to “Hold” at ValuEngine

ValuEngine downgraded shares of CPS Technologies (NASDAQ:CPSH) from a buy rating to a hold rating in a report published on Friday, ValuEngine reports.

Shares of CPSH opened at $1.31 on Friday. CPS Technologies has a 52 week low of $0.66 and a 52 week high of $1.96.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Wednesday, May 1st. The electronics maker reported ($0.06) EPS for the quarter. CPS Technologies had a negative net margin of 17.08% and a negative return on equity of 50.46%. The firm had revenue of $5.27 million during the quarter.

CPS Technologies Company Profile

CPS Technologies Corporation produces and sells advanced material solutions to the transportation, automotive, energy, computing/Internet, telecommunication, aerospace, defense, and oil and gas markets. Its products are used in applications that involve energy use or energy generation. The company primarily offers metal matrix composites that are a combination of metal and ceramic, such as baseplates for various applications, including motor controllers used in electric trains, subway cars, wind turbines, and hybrid and electric vehicles; baseplates and housings for use in radar, satellite, and avionics applications, as well as in modules built with wide band gap semiconductors; and lids and heatspreaders used with integrated circuits for use in Internet switches and routers.

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