CPS Technologies Co. (NASDAQ:CPSH) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 15,700 shares, a decline of 49.2% from the August 30th total of 30,900 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 8,800 shares, the short-interest ratio is currently 1.8 days.
NASDAQ:CPSH traded up $0.05 during mid-day trading on Friday, hitting $1.05. 18,413 shares of the stock traded hands, compared to its average volume of 5,574. The business’s 50-day moving average price is $1.02 and its 200 day moving average price is $1.19. CPS Technologies has a 12-month low of $0.66 and a 12-month high of $1.85. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.14 and a quick ratio of 1.30.
CPS Technologies (NASDAQ:CPSH) last issued its quarterly earnings data on Wednesday, July 31st. The electronics maker reported $0.02 EPS for the quarter. CPS Technologies had a negative net margin of 14.13% and a negative return on equity of 53.81%. The company had revenue of $6.37 million during the quarter.
Separately, ValuEngine raised shares of CPS Technologies from a “hold” rating to a “buy” rating in a research note on Friday, October 4th.
About CPS Technologies
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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