Chicago Rivet & Machine (NYSEAMERICAN:CVR) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR)’s stock price crossed 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 trading hands.

Chicago Rivet & Machine Stock Performance

The stock has a market cap of $9.23 million, a price-to-earnings ratio of -4.53 and a beta of 0.35. The company’s 50 day simple moving average is $11.50 and its two-hundred day simple moving average is $12.04.

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

Chicago Rivet & Machine Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, March 6th. Chicago Rivet & Machine’s dividend payout ratio is currently -3.27%.

Chicago Rivet & Machine Company Profile

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.