Chicago Rivet & Machine (NYSEAMERICAN:CVR) Stock Passes Below 50-Day Moving Average – What’s Next?

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.50 and traded as low as $9.35. Chicago Rivet & Machine shares last traded at $9.52, with a volume of 2,127 shares changing hands.

Chicago Rivet & Machine Stock Up 2.5%

The company has a 50-day simple moving average of $11.33 and a two-hundred day simple moving average of $12.04. The firm has a market cap of $9.69 million, a PE ratio of -4.76 and a beta of 0.35.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.37) earnings per share for the quarter. Chicago Rivet & Machine had a negative return on equity of 10.54% and a negative net margin of 7.15%.The business had revenue of $6.85 million during the quarter.

Chicago Rivet & Machine Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.12 annualized dividend and a yield of 1.2%. Chicago Rivet & Machine’s payout ratio is currently -3.27%.

About Chicago Rivet & Machine

Chicago Rivet & Machine Co is a Chicago, Illinois–based manufacturer specializing in the design and production of rivets, fasteners and related metal components. The company’s product portfolio includes solid and blind rivets, threaded inserts, screws, bolts, nuts and washers, engineered to meet the requirements of high-precision industrial applications.

Serving a diverse customer base, Chicago Rivet & Machine brings expertise in material selection and heat-treatment processes to deliver fasteners that meet stringent specifications for strength, corrosion resistance and durability.