CCSC Technology International (NASDAQ:CCTG) Shares Down 7% – Here’s Why

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. 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 note on Saturday, January 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CCSC Technology International presently has a consensus rating of “Sell”.

CCSC Technology International Price Performance

The company has a fifty day simple moving average of $0.98 and a two-hundred day simple moving average of $6.01. The company has a quick ratio of 1.43, a current ratio of 1.84 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.