CVD Equipment (NASDAQ:CVV) Earns Hold Rating from Analysts at StockNews.com

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

CVD Equipment Price Performance

Shares of CVV stock opened at $3.04 on Friday. The stock’s fifty day moving average is $3.31 and its 200-day moving average is $3.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.60 and a current ratio of 2.99. CVD Equipment has a 52 week low of $2.70 and a 52 week high of $6.35. The stock has a market capitalization of $20.92 million, a PE ratio of -4.83 and a beta of 1.33.

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

Institutional Trading of CVD Equipment

Hedge funds have recently modified their holdings of the company. AMH Equity Ltd increased its stake in CVD Equipment by 2.8% in the fourth 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 in the last quarter. Renaissance Technologies LLC grew its position in shares of CVD Equipment by 12.7% in 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 period. Quinn Opportunity Partners LLC boosted its holdings in shares of CVD Equipment by 24.1% in the fourth quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock valued at $316,000 after buying an additional 13,914 shares during the period. Finally, Northern Trust Corp boosted its stake in CVD Equipment by 63.7% in the 4th quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 12,657 shares during the period. 31.59% of the stock is currently owned by institutional investors and hedge funds.

CVD Equipment Company Profile

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.