CVD Equipment (NASDAQ:CVV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of CVD Equipment (NASDAQ:CVV) in a report released on Friday. The brokerage issued a hold rating on the industrial products company’s stock.

CVD Equipment Price Performance

Shares of NASDAQ CVV opened at $3.08 on Friday. The company has a quick ratio of 2.60, a current ratio of 2.99 and a debt-to-equity ratio of 0.01. CVD Equipment has a fifty-two week low of $2.70 and a fifty-two week high of $6.35. The business has a 50 day moving average price of $3.39 and a two-hundred day moving average price of $3.40. The firm has a market cap of $21.20 million, a PE ratio of -4.89 and a beta of 1.33.

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

Institutional Investors Weigh In On CVD Equipment

A number of institutional investors have recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in CVD Equipment by 63.7% in the fourth quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 12,657 shares during the period. Quinn Opportunity Partners LLC boosted its holdings in shares of 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 buying an additional 13,914 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of CVD Equipment by 12.7% in the 4th quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock valued at $613,000 after buying an additional 15,700 shares during the period. Finally, AMH Equity Ltd grew its position in shares of CVD Equipment by 2.8% during the 4th quarter. AMH Equity Ltd now owns 665,000 shares of the industrial products company’s stock valued at $2,926,000 after buying an additional 18,157 shares during the last quarter. 31.59% of the stock is currently owned by institutional investors.

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.