Chicago Rivet & Machine (NYSEAMERICAN:CVR) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a report released on Friday. The firm set a “sell” rating on the stock.

Chicago Rivet & Machine Price Performance

Shares of NYSEAMERICAN CVR opened at $14.04 on Friday. Chicago Rivet & Machine has a 12-month low of $13.81 and a 12-month high of $26.75. The firm has a market capitalization of $13.62 million, a P/E ratio of -3.00 and a beta of 0.14.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last announced its quarterly earnings results on Friday, May 10th. The company reported ($0.72) earnings per share (EPS) for the quarter. Chicago Rivet & Machine had a negative net margin of 14.75% and a negative return on equity of 16.82%. The company had revenue of $7.85 million during the quarter.

Institutional Trading of Chicago Rivet & Machine

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC bought a new position in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned about 1.18% of Chicago Rivet & Machine as of its most recent SEC filing. Institutional investors own 19.87% of the company’s stock.

About Chicago Rivet & Machine

Chicago Rivet & Machine Co operates in the fastener industry in North America. It operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment engages in the manufacture and sale of automatic rivet setting machines, as well as parts and tools for related machines.