CVD Equipment (NASDAQ:CVV) Announces Quarterly Earnings Results

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

CVD Equipment Trading Up 0.3 %

Shares of CVV opened at $3.16 on Friday. CVD Equipment has a fifty-two week low of $2.70 and a fifty-two week high of $6.35. The firm has a market cap of $21.75 million, a price-to-earnings ratio of -5.02 and a beta of 1.33. The firm has a 50 day moving average price of $3.39 and a 200-day moving average price of $3.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.60 and a current ratio of 2.99.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on CVD Equipment in a report on Friday. They set a “hold” rating on the 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.