CVD Equipment (NASDAQ:CVV) Posts Earnings Results

CVD Equipment (NASDAQ:CVV) issued its quarterly earnings data on Thursday. The industrial products company reported ($0.21) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $1.58 million for the quarter. CVD Equipment had a net margin of 62.01% and a negative return on equity of 13.91%.

CVD Equipment Trading Up 10.0%

Shares of NASDAQ:CVV traded up $0.36 on Friday, reaching $3.97. The company had a trading volume of 81,628 shares, compared to its average volume of 55,610. CVD Equipment has a 52-week low of $2.96 and a 52-week high of $9.10. The firm’s 50 day simple moving average is $4.59 and its 200-day simple moving average is $5.53. The firm has a market capitalization of $27.59 million, a PE ratio of 3.36 and a beta of 1.32.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wall Street Zen cut CVD Equipment from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings upgraded CVD Equipment from a “sell (d-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, CVD Equipment presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On CVD Equipment

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in CVD Equipment in the second quarter worth about $130,000. Algert Global LLC purchased a new position in CVD Equipment in the second quarter worth $224,000. FNY Investment Advisers LLC purchased a new position in CVD Equipment in the second quarter worth $305,000. Finally, Renaissance Technologies LLC increased its position in shares of 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 purchasing an additional 27,000 shares in the last quarter. Institutional investors own 31.59% of the company’s stock.

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.