CVD Equipment (NASDAQ:CVV) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of CVD Equipment (NASDAQ:CVV) in a research note issued to investors on Friday morning. The brokerage issued a hold rating on the industrial products company’s stock.

CVD Equipment Stock Down 2.5 %

CVV stock opened at $3.08 on Friday. CVD Equipment has a 12 month low of $2.70 and a 12 month high of $6.35. The firm has a 50 day simple moving average of $3.39 and a 200 day simple moving average of $3.40. The firm has a market cap of $21.20 million, a PE ratio of -4.89 and a beta of 1.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 2.60.

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

Institutional Investors Weigh In On CVD Equipment

Several hedge funds have recently made changes to their positions in the company. AMH Equity Ltd lifted its position 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 in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of CVD Equipment by 12.7% in the fourth 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 in the last quarter. Quinn Opportunity Partners LLC lifted its holdings in shares of CVD Equipment by 24.1% in the fourth quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 13,914 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of CVD Equipment by 63.7% in the fourth quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 12,657 shares in the last quarter. Hedge funds and other institutional investors own 31.59% of the company’s stock.

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.