CVD Equipment (NASDAQ:CVV) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of CVD Equipment (NASDAQ:CVV) from a sell rating to a hold rating in a research note published on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CVD Equipment in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

CVD Equipment Price Performance

CVD Equipment stock opened at $8.07 on Friday. The company has a market capitalization of $56.09 million, a price-to-earnings ratio of 5.57 and a beta of 1.25. CVD Equipment has a one year low of $2.76 and a one year high of $9.10. The company’s fifty day moving average price is $7.30 and its two-hundred day moving average price is $5.77.

Institutional Trading of CVD Equipment

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in shares of CVD Equipment by 17.5% during the 1st quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock worth $749,000 after buying an additional 27,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in CVD Equipment by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock worth $241,000 after acquiring an additional 3,556 shares during the period. Citadel Advisors LLC raised its holdings in CVD Equipment by 93.6% in the 3rd quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 20,011 shares during the period. FNY Investment Advisers LLC acquired a new position in CVD Equipment during the 2nd quarter worth $305,000. Finally, Algert Global LLC acquired a new position in CVD Equipment during the 2nd quarter worth $224,000. 31.59% of the stock is currently owned by institutional investors and hedge funds.

About CVD Equipment

CVD Equipment Corporation (NASDAQ: CVV) designs, manufactures and markets custom vacuum deposition systems used to create thin-film coatings and advanced materials for semiconductor, optoelectronic and related industries. Established in 1992 and headquartered in the United States, the company leverages proprietary chemical vapor deposition (CVD), plasma-enhanced CVD, metal-organic CVD (MOCVD), atomic layer deposition (ALD) and physical vapor deposition (PVD) technologies to support both research and production applications.

The company’s product portfolio includes single- and multi-chamber reactors for the deposition of silicon, III-V compounds, metal oxides and other specialty materials, along with fluid-bed reactors for nanoparticle synthesis.