Chicago Rivet & Machine (NYSEAMERICAN:CVR) Trading Up 0.3% – Here’s What Happened

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR)’s share price was up 0.3% during trading on Monday . The company traded as high as $16.24 and last traded at $15.50. Approximately 656 shares changed hands during trading, a decline of 65% from the average daily volume of 1,899 shares. The stock had previously closed at $15.45.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Chicago Rivet & Machine in a report on Monday, January 13th. They issued a “sell” rating on the stock.

Chicago Rivet & Machine Price Performance

The firm has a market capitalization of $14.86 million, a PE ratio of -4.17 and a beta of 0.16.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its earnings results on Tuesday, November 12th. The company reported ($1.50) earnings per share for the quarter. The business had revenue of $6.97 million for the quarter. Chicago Rivet & Machine had a negative return on equity of 14.18% and a negative net margin of 11.95%.

Chicago Rivet & Machine Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Thursday, December 5th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Thursday, December 5th. Chicago Rivet & Machine’s dividend payout ratio is currently -3.27%.

About Chicago Rivet & Machine

Chicago Rivet & Machine Co engages in the manufacturing and sale of rivets and specialty cold formed parts, as well as automatic rivet setting equipment and automated assembly systems. It operates through the following segments: Fasteners and Assembly Equipment. The Fasteners segment includes rivets, cold-formed fasteners, and parts and screw machine products.