CVD Equipment (NASDAQ:CVV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of CVD Equipment (NASDAQ:CVV) in a research note published on Sunday. The brokerage issued a hold rating on the industrial products company’s stock.

CVD Equipment Stock Up 1.9 %

Shares of CVV stock opened at $2.74 on Friday. The company has a current ratio of 2.99, a quick ratio of 2.60 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average price is $3.20 and its two-hundred day moving average price is $3.36. The firm has a market capitalization of $18.86 million, a P/E ratio of -4.35 and a beta of 1.06. CVD Equipment has a 1 year low of $2.53 and a 1 year high of $5.92.

CVD Equipment (NASDAQ:CVV) last issued its earnings results on Wednesday, March 19th. The industrial products company reported $0.02 earnings per share for the quarter. The business had revenue of $7.41 million for the quarter. CVD Equipment had a negative net margin of 18.26% and a negative return on equity of 17.10%. During the same quarter in the previous year, the firm posted ($0.33) earnings per share.

Hedge Funds Weigh In On CVD Equipment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVV. Northern Trust Corp increased its position in CVD Equipment by 63.7% during the 4th quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock worth $143,000 after buying an additional 12,657 shares during the period. Quinn Opportunity Partners LLC raised its stake 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. Renaissance Technologies LLC lifted its stake in CVD Equipment by 12.7% in the 4th quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock valued at $613,000 after purchasing an additional 15,700 shares during the last quarter. Finally, AMH Equity Ltd lifted its stake in shares of 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 acquiring an additional 18,157 shares during the last quarter. 31.59% of the stock is owned by institutional investors.

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 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.