CVD Equipment (NASDAQ:CVV) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of CVD Equipment (NASDAQ:CVV) in a report issued on Friday. The brokerage set a “hold” rating on the industrial products company’s stock.

CVD Equipment Price Performance

NASDAQ:CVV opened at $3.08 on Friday. CVD Equipment has a 1-year low of $2.70 and a 1-year high of $6.35. The company has a current ratio of 2.99, a quick ratio of 2.60 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $3.39 and a 200 day simple moving average of $3.40. The stock has a market capitalization of $21.20 million, a PE ratio of -4.89 and a beta of 1.33.

CVD Equipment (NASDAQ:CVV) last released its earnings results on Wednesday, March 19th. The industrial products company reported $0.02 earnings per share for the quarter. CVD Equipment had a negative net margin of 18.26% and a negative return on equity of 17.10%. The business had revenue of $7.41 million during the quarter. During the same period in the prior year, the business posted ($0.33) earnings per share.

Institutional Investors Weigh In On CVD Equipment

Several hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp lifted its holdings in CVD Equipment by 63.7% during the 4th quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 12,657 shares during the last quarter. Quinn Opportunity Partners LLC lifted its holdings in CVD Equipment by 24.1% during the 4th quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 13,914 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in CVD Equipment by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock valued at $613,000 after purchasing an additional 15,700 shares during the last quarter. Finally, AMH Equity Ltd lifted its holdings in CVD Equipment by 2.8% during the 4th quarter. AMH Equity Ltd now owns 665,000 shares of the industrial products company’s stock valued at $2,926,000 after purchasing an additional 18,157 shares during the last quarter. Institutional investors and hedge funds own 31.59% of the company’s stock.

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.