CCSC Technology International (NASDAQ:CCTG) Trading Down 7% – Here’s What Happened

CCSC Technology International Holdings Limited (NASDAQ:CCTG) shares traded down 7% during trading on Tuesday . The stock traded as low as $0.50 and last traded at $0.5160. 95,021 shares were traded during mid-day trading, a decline of 18% from the average session volume of 116,474 shares. The stock had previously closed at $0.5550.

Analyst Ratings Changes

CCTG has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of CCSC Technology International in a report on Wednesday, January 21st. Wall Street Zen raised shares of CCSC Technology International to a “sell” rating in a research report on Saturday, January 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

CCSC Technology International Trading Down 7.0%

The company has a quick ratio of 1.43, a current ratio of 1.84 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average price of $0.98 and a 200 day moving average price of $6.01.

CCSC Technology International Company Profile

CCSC Technology International Holdings Limited, through its subsidiaries, manufactures and sells interconnect products in Asia, Europe, and the Americas. It offers original equipment manufacturer and original design manufacture interconnect products, including connectors, cables, and wire harnesses used for a range of applications in various industries, such as industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The company was founded in 1993 and is headquartered in Sha Tin, Hong Kong.