CVD Equipment (NASDAQ:CVV) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

CVD Equipment Corporation (NASDAQ:CVV)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.27 and traded as high as $7.35. CVD Equipment shares last traded at $6.97, with a volume of 64,941 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CVV. Weiss Ratings restated a “sell (d-)” rating on shares of CVD Equipment in a research report on Friday, June 5th. Wall Street Zen cut shares of CVD Equipment from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

CVD Equipment Stock Up 2.2%

The firm has a 50 day moving average of $6.77 and a 200 day moving average of $5.28. The firm has a market cap of $49.41 million, a price-to-earnings ratio of -13.96 and a beta of 1.23.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CVV. FNY Investment Advisers LLC bought a new position in shares of CVD Equipment during the 2nd quarter worth about $305,000. Renaissance Technologies LLC increased its position in CVD Equipment by 17.5% in the 1st quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock valued at $749,000 after buying an additional 27,000 shares in the last quarter. Citadel Advisors LLC increased its position in CVD Equipment by 93.6% in the 3rd quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock valued at $139,000 after buying an additional 20,011 shares in the last quarter. DRW Securities LLC acquired a new position in CVD Equipment during the 4th quarter worth approximately $45,000. Finally, Dimensional Fund Advisors LP raised its stake in CVD Equipment by 5.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock worth $241,000 after buying an additional 3,556 shares during the period. Institutional investors and hedge funds own 31.59% of the company’s stock.

CVD Equipment Company Profile

CVD Equipment Corporation (NASDAQ: CVV) designs, manufactures and markets custom vacuum deposition systems used to create thin-film coatings and advanced materials for semiconductor, optoelectronic and related industries. Established in 1992 and headquartered in the United States, the company leverages proprietary chemical vapor deposition (CVD), plasma-enhanced CVD, metal-organic CVD (MOCVD), atomic layer deposition (ALD) and physical vapor deposition (PVD) technologies to support both research and production applications.

The company’s product portfolio includes single- and multi-chamber reactors for the deposition of silicon, III-V compounds, metal oxides and other specialty materials, along with fluid-bed reactors for nanoparticle synthesis.