CVD Equipment (NASDAQ:CVV) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of CVD Equipment (NASDAQ:CVV) in a report released on Saturday. The firm issued a hold rating on the industrial products company’s stock.

CVD Equipment Stock Up 1.0 %

Shares of CVD Equipment stock opened at $3.07 on Friday. The company’s 50 day moving average price is $3.30 and its 200-day moving average price is $3.39. CVD Equipment has a 52-week low of $2.70 and a 52-week high of $6.35. 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 capitalization of $21.13 million, a price-to-earnings ratio of -4.87 and a beta of 1.33.

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

Institutional Investors Weigh In On CVD Equipment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CVV. Northern Trust Corp lifted its position in CVD Equipment by 63.7% during the 4th quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 12,657 shares during the period. Quinn Opportunity Partners LLC raised its position in CVD Equipment by 24.1% in the 4th quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock worth $316,000 after buying an additional 13,914 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of CVD Equipment by 12.7% during 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 during the last quarter. Finally, AMH Equity Ltd lifted its position in CVD Equipment by 2.8% during the fourth quarter. AMH Equity Ltd now owns 665,000 shares of the industrial products company’s stock valued at $2,926,000 after purchasing an additional 18,157 shares during the period. 31.59% of the stock is 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.