Chicago Rivet & Machine (NYSEAMERICAN:CVR) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.84 and traded as low as $9.05. Chicago Rivet & Machine shares last traded at $9.05, with a volume of 2,737 shares.

Chicago Rivet & Machine Stock Down 3.5%

The business’s 50 day moving average price is $9.84 and its 200-day moving average price is $11.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.77 and a quick ratio of 3.41. The company has a market cap of $8.78 million, a P/E ratio of -1.49 and a beta of 0.16.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.07 EPS for the quarter. The company had revenue of $7.36 million for the quarter. Chicago Rivet & Machine had a negative return on equity of 27.85% and a negative net margin of 22.86%.

Chicago Rivet & Machine Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, September 5th. Chicago Rivet & Machine’s dividend payout ratio is -3.27%.

About Chicago Rivet & Machine

Chicago Rivet & Machine Co engages in the manufacturing and sale of rivets and specialty cold formed parts, as well as automatic rivet setting equipment and automated assembly systems. It operates through the following segments: Fasteners and Assembly Equipment. The Fasteners segment includes rivets, cold-formed fasteners, and parts and screw machine products.