CVD Equipment (NASDAQ:CVV) Coverage Initiated at StockNews.com

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

CVD Equipment Stock Performance

CVD Equipment stock opened at $5.84 on Wednesday. The stock has a market cap of $39.83 million, a P/E ratio of -9.57 and a beta of 1.34. The company has a current ratio of 2.85, a quick ratio of 2.36 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $4.81 and a 200-day moving average of $5.30. CVD Equipment has a 52 week low of $3.93 and a 52 week high of $13.47.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. UBS Group AG lifted its holdings in shares of CVD Equipment by 49.0% during the 1st quarter. UBS Group AG now owns 2,778 shares of the industrial products company’s stock valued at $37,000 after buying an additional 914 shares during the last quarter. Citadel Advisors LLC acquired a new stake in CVD Equipment in the 4th quarter valued at $89,000. State Street Corp boosted its stake in CVD Equipment by 33.9% in the third quarter. State Street Corp now owns 18,546 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 4,700 shares in the last quarter. Northern Trust Corp acquired a new position in CVD Equipment in the fourth quarter worth $100,000. Finally, BlackRock Inc. raised its position in shares of CVD Equipment by 13.5% during the second quarter. BlackRock Inc. now owns 17,075 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 2,034 shares during the last quarter. 31.59% of the stock is 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. It operates through three segments: CVD Equipment, Stainless Design Concepts, and CVD Materials. The company 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; and ultra-high purity gas and chemical delivery control systems, including gas cylinder storage cabinets, custom gas and chemical delivery systems, gas and liquid valve manifold boxes, and gas isolation boxes for semiconductor fabrication processes, aerospace, solar cells, LEDs, carbon nanotubes, nanowires, and industrial applications.