CVD Equipment (NASDAQ:CVV) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of CVD Equipment (NASDAQ:CVV) in a report published on Thursday. The firm issued a hold rating on the industrial products company’s stock.

CVD Equipment Stock Performance

CVV opened at $5.31 on Thursday. The company has a current ratio of 2.67, a quick ratio of 2.15 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $4.90 and its 200 day moving average price is $5.25. CVD Equipment has a twelve month low of $3.93 and a twelve month high of $11.70. The firm has a market capitalization of $36.21 million, a PE ratio of -8.70 and a beta of 1.34.

Hedge Funds Weigh In On CVD Equipment

Institutional investors have recently bought and sold shares of the company. UBS Group AG raised its stake in shares of CVD Equipment by 49.0% in the 1st quarter. UBS Group AG now owns 2,778 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 914 shares during the period. BlackRock Inc. raised its stake in shares of CVD Equipment by 13.5% in the 2nd quarter. BlackRock Inc. now owns 17,075 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 2,034 shares during the period. State Street Corp raised its stake in shares of CVD Equipment by 33.9% in the 3rd quarter. State Street Corp now owns 18,546 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 4,700 shares during the period. Citadel Advisors LLC purchased a new stake in shares of CVD Equipment in the 2nd quarter valued at approximately $147,000. Finally, Northern Trust Corp purchased a new stake in shares of CVD Equipment in the 4th quarter valued at approximately $100,000. 31.59% of the stock is owned by hedge funds and other institutional investors.

About CVD Equipment

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.