CVD Equipment (NASDAQ:CVV) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

CVD Equipment Co. (NASDAQ:CVV) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.55 and traded as high as $3.90. CVD Equipment shares last traded at $3.77, with a volume of 32,585 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of CVD Equipment in a report on Thursday. They set a “hold” rating on the stock.

CVD Equipment Trading Down 2.3 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 2.60. The company has a market capitalization of $25.95 million, a P/E ratio of -5.98 and a beta of 1.33. The firm has a fifty day moving average price of $3.58 and a 200-day moving average price of $3.55.

About CVD Equipment

CVD Equipment Corporation, together with its subsidiaries, designs, develops, manufactures, and sells equipment to develop and manufacture materials and coatings in the United States and internationally. It operates through three segments: CVD Equipment, Stainless Design Concepts, and CVD Materials. The CVD Equipment segment offers chemical vapor deposition, physical vapor transport, and thermal process equipment under the FirstNano brand for various markets, such as high power electronics, aerospace advanced materials for gas turbine jet engines, and nanomaterials used in batteries, as well as semiconductors, LEDs, carbon nanotubes, nanowires, solar cells, and other industrial and research applications.