CCSC Technology International (NASDAQ:CCTG) Stock Price Up 2.5% – Still a Buy?

CCSC Technology International Holdings Limited (NASDAQ:CCTG)’s stock price rose 2.5% during mid-day trading on Thursday . The company traded as high as $0.59 and last traded at $0.55. Approximately 75,931 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 63,564 shares. The stock had previously closed at $0.5367.

Analysts Set New Price Targets

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

CCSC Technology International Stock Performance

The business has a 50-day simple moving average of $0.51 and a two-hundred day simple moving average of $3.48. The company has a current ratio of 1.84, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01.

About CCSC Technology International

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.