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

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

CVD Equipment Price Performance

Shares of CVV opened at $2.69 on Friday. The company has a current ratio of 2.99, a quick ratio of 2.60 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average is $3.23 and its two-hundred day moving average is $3.37. CVD Equipment has a twelve month low of $2.53 and a twelve month high of $6.13. The firm has a market capitalization of $18.51 million, a PE ratio of -4.27 and a beta of 1.06.

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

Institutional Trading of CVD Equipment

A number of institutional investors have recently added to or reduced their stakes in CVV. Northern Trust Corp lifted its position in shares of 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 increased its stake 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 valued at $316,000 after purchasing an additional 13,914 shares in the last quarter. Renaissance Technologies LLC raised its holdings in CVD Equipment by 12.7% during the fourth quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock worth $613,000 after purchasing an additional 15,700 shares during the last quarter. Finally, AMH Equity Ltd boosted 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 worth $2,926,000 after purchasing an additional 18,157 shares in the last quarter. Hedge funds and other institutional investors own 31.59% of the company’s stock.

About CVD Equipment

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.