CVD Equipment (NASDAQ:CVV) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of CVD Equipment Co. (NASDAQ:CVV) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.55 and traded as high as $4.79. CVD Equipment shares last traded at $4.42, with a volume of 50,476 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of CVD Equipment in a research note on Wednesday. They set a “hold” rating for the company.

CVD Equipment Stock Down 7.0 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.60 and a current ratio of 2.99. The stock has a market cap of $28.29 million, a PE ratio of -6.52 and a beta of 1.33. The company’s 50-day moving average price is $3.53 and its 200 day moving average price is $3.56.

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 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.