Chicago Rivet & Machine (NYSEAMERICAN:CVR) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.16 and traded as high as $10.50. Chicago Rivet & Machine shares last traded at $10.50, with a volume of 867 shares changing hands.

Chicago Rivet & Machine Price Performance

The stock’s 50 day moving average is $10.16 and its two-hundred day moving average is $11.65. The stock has a market capitalization of $10.19 million, a PE ratio of -5.00 and a beta of 0.28.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued its quarterly earnings results on Friday, May 8th. The company reported ($0.37) earnings per share (EPS) for the quarter. Chicago Rivet & Machine had a negative return on equity of 10.54% and a negative net margin of 7.15%.The firm had revenue of $6.85 million during the quarter.

About Chicago Rivet & Machine

Chicago Rivet & Machine Co is a Chicago, Illinois–based manufacturer specializing in the design and production of rivets, fasteners and related metal components. The company’s product portfolio includes solid and blind rivets, threaded inserts, screws, bolts, nuts and washers, engineered to meet the requirements of high-precision industrial applications.

Serving a diverse customer base, Chicago Rivet & Machine brings expertise in material selection and heat-treatment processes to deliver fasteners that meet stringent specifications for strength, corrosion resistance and durability.