StockNews.com Begins Coverage on CVD Equipment (NASDAQ:CVV)

Analysts at StockNews.com initiated coverage on shares of CVD Equipment (NASDAQ:CVV) in a report released on Wednesday. The firm set a “hold” rating on the industrial products company’s stock.

CVD Equipment Price Performance

NASDAQ CVV opened at $2.99 on Wednesday. CVD Equipment has a 1 year low of $2.53 and a 1 year high of $5.25. The business’s fifty day moving average is $3.02 and its two-hundred day moving average is $3.34. The stock has a market capitalization of $20.58 million, a P/E ratio of -4.75 and a beta of 1.06. 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 (NASDAQ:CVV) last announced its earnings results on Wednesday, March 19th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter. CVD Equipment had a negative return on equity of 17.10% and a negative net margin of 18.26%. The company had revenue of $7.41 million for the quarter. During the same period last year, the firm earned ($0.33) earnings per share.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CVV. Quinn Opportunity Partners LLC raised its holdings in shares of CVD Equipment by 24.1% during the fourth quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock valued at $316,000 after acquiring an additional 13,914 shares during the period. AMH Equity Ltd raised its stake in CVD Equipment by 2.8% during the 4th 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. Northern Trust Corp raised its stake 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 purchasing an additional 12,657 shares during the period. Finally, 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. 31.59% of the stock is currently owned by institutional investors and hedge funds.

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.