CVD Equipment (NASDAQ:CVV) Stock Rating Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of CVD Equipment (NASDAQ:CVV) from a hold rating to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded CVD Equipment from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

CVD Equipment Trading Up 10.0%

Shares of CVV stock opened at $3.97 on Friday. The company has a market cap of $27.59 million, a price-to-earnings ratio of 3.36 and a beta of 1.32. The stock has a 50 day simple moving average of $4.59 and a 200-day simple moving average of $5.53. CVD Equipment has a 12-month low of $2.96 and a 12-month high of $9.10.

CVD Equipment (NASDAQ:CVV) last posted its quarterly earnings results on Thursday, November 5th. The industrial products company reported ($0.21) earnings per share for the quarter. CVD Equipment had a net margin of 78.83% and a negative return on equity of 19.80%. The business had revenue of $1.58 million during the quarter.

Institutional Investors Weigh In On CVD Equipment

A number of large investors have recently added to or reduced their stakes in the business. Algert Global LLC purchased a new position in CVD Equipment during the 2nd quarter valued at about $224,000. BlackRock Inc. acquired a new position in CVD Equipment during the second quarter worth about $130,000. Renaissance Technologies LLC raised its position in CVD Equipment by 17.5% during the first quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock worth $749,000 after acquiring an additional 27,000 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of CVD Equipment in the second quarter valued at about $305,000. 31.59% of the stock is owned by institutional investors and hedge funds.

CVD Equipment Company Profile

CVD Equipment Corporation (NASDAQ: CVV) designs, develops, manufactures and services equipment used to produce advanced electronic materials and components. Its systems support applications in semiconductors, solar energy, nanotechnology, battery materials and other emerging technologies that require controlled deposition, thermal processing or materials development.

The company’s product portfolio includes chemical vapor deposition (CVD) systems, physical vapor deposition equipment, thermal-processing systems, gas and chemical delivery systems, and related laboratory and production equipment.