CVD Equipment (NASDAQ:CVV) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

CVD Equipment Corporation (NASDAQ:CVV) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.25 and traded as high as $3.60. CVD Equipment shares last traded at $3.45, with a volume of 24,274 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CVD Equipment in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, CVD Equipment presently has an average rating of “Sell”.

CVD Equipment Stock Down 3.9%

The company has a market cap of $23.74 million, a price-to-earnings ratio of -68.99 and a beta of 0.95. The business has a 50-day simple moving average of $3.48 and a two-hundred day simple moving average of $3.25. The company has a quick ratio of 3.49, a current ratio of 4.00 and a debt-to-equity ratio of 0.01.

CVD Equipment (NASDAQ:CVV) last issued its quarterly earnings data on Tuesday, August 12th. The industrial products company reported ($0.15) earnings per share for the quarter. CVD Equipment had a negative net margin of 1.27% and a negative return on equity of 1.44%. The company had revenue of $5.11 million during the quarter.

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.