Chicago Rivet & Machine (NYSEAMERICAN:CVR) Trading 0.3% Higher – Time to Buy?

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR)’s stock price traded up 0.3% during mid-day trading on Monday . The stock traded as high as $16.24 and last traded at $15.50. 656 shares changed hands during trading, a decline of 65% from the average session volume of 1,899 shares. The stock had previously closed at $15.45.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Chicago Rivet & Machine in a report on Monday, January 13th. They issued a “sell” rating for the company.

Chicago Rivet & Machine Stock Performance

The company has a market cap of $15.04 million, a price-to-earnings ratio of -4.22 and a beta of 0.16.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its earnings results on Tuesday, November 12th. The company reported ($1.50) earnings per share for the quarter. Chicago Rivet & Machine had a negative net margin of 11.95% and a negative return on equity of 14.18%. The company had revenue of $6.97 million during the quarter.

Chicago Rivet & Machine Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Thursday, December 5th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.77%. Chicago Rivet & Machine’s payout ratio is currently -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.