StockNews.com initiated coverage on shares of CVD Equipment (NASDAQ:CVV – Free Report) in a research note published on Tuesday. The brokerage issued a hold rating on the industrial products company’s stock.
CVD Equipment Stock Performance
CVV opened at $3.05 on Tuesday. The company has a market capitalization of $20.99 million, a price-to-earnings ratio of -4.84 and a beta of 1.35. The business’s 50-day moving average price is $3.74 and its two-hundred day moving average price is $3.48. CVD Equipment has a 1 year low of $2.70 and a 1 year high of $6.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 2.60.
Institutional Trading of CVD Equipment
A number of institutional investors have recently made changes to their positions in the business. AMH Equity Ltd increased its stake in CVD Equipment by 2.8% in the 4th quarter. AMH Equity Ltd now owns 665,000 shares of the industrial products company’s stock valued at $2,926,000 after buying an additional 18,157 shares during the last quarter. Northern Trust Corp grew its holdings in shares of CVD Equipment by 63.7% in the 4th quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 12,657 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of CVD Equipment by 12.7% in the fourth quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock valued at $613,000 after acquiring an additional 15,700 shares during the last quarter. Finally, Quinn Opportunity Partners LLC raised its holdings in CVD Equipment by 24.1% during the fourth quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock worth $316,000 after acquiring an additional 13,914 shares in the last quarter. Institutional investors 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.
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