CVD Equipment (NASDAQ:CVV) Issues Quarterly Earnings Results

CVD Equipment (NASDAQ:CVV) released its quarterly earnings results on Wednesday. The industrial products company reported $0.02 earnings per share for the quarter, Zacks reports. 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 earned ($0.33) EPS.

CVD Equipment Stock Performance

CVV stock traded down $0.04 during mid-day trading on Wednesday, hitting $3.15. The company had a trading volume of 40,647 shares, compared to its average volume of 23,935. The firm has a market cap of $21.68 million, a PE ratio of -5.00 and a beta of 1.33. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.60 and a current ratio of 2.99. CVD Equipment has a 12 month low of $2.70 and a 12 month high of $6.35. The stock’s fifty day moving average price is $3.43 and its two-hundred day moving average price is $3.41.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of CVD Equipment in a report on Thursday, March 13th. They set a “hold” rating on the stock.

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.