CVD Equipment (NASDAQ:CVV) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of CVD Equipment Corporation (NASDAQ:CVV) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.33 and traded as high as $3.33. CVD Equipment shares last traded at $3.27, with a volume of 19,795 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CVD Equipment in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

CVD Equipment Stock Performance

The company has a market capitalization of $22.90 million, a PE ratio of -164.92 and a beta of 0.81. The stock’s fifty day simple moving average is $3.59 and its 200-day simple moving average is $3.33.

CVD Equipment (NASDAQ:CVV) last posted its quarterly earnings data on Monday, November 10th. The industrial products company reported $0.06 earnings per share for the quarter. CVD Equipment had a negative net margin of 0.66% and a negative return on equity of 0.72%. The business had revenue of $7.41 million during the quarter.

Institutional Investors Weigh In On CVD Equipment

An institutional investor recently raised its position in CVD Equipment stock. Citadel Advisors LLC raised its stake in shares of CVD Equipment Corporation (NASDAQ:CVV) by 93.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,382 shares of the industrial products company’s stock after purchasing an additional 20,011 shares during the period. Citadel Advisors LLC owned 0.60% of CVD Equipment worth $139,000 at the end of the most recent reporting period. 31.59% of the stock is currently owned by hedge funds and other 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.