CVD Equipment (NASDAQ:CVV) Coverage Initiated by Analysts at StockNews.com

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

CVD Equipment Stock Performance

Shares of CVV stock opened at $3.08 on Friday. CVD Equipment has a 12-month low of $2.70 and a 12-month high of $6.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 2.60. The firm has a market capitalization of $21.20 million, a price-to-earnings ratio of -4.89 and a beta of 1.33. The business has a 50 day simple moving average of $3.39 and a 200 day simple moving average of $3.40.

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

Institutional Trading of CVD Equipment

A number of hedge funds and other institutional investors have recently made changes to their positions in CVV. Northern Trust Corp boosted its holdings in shares of CVD Equipment by 63.7% in the fourth quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 12,657 shares in the last quarter. Quinn Opportunity Partners LLC boosted its stake in CVD Equipment by 24.1% during the 4th quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 13,914 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of CVD Equipment by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock valued at $613,000 after purchasing an additional 15,700 shares during the period. Finally, AMH Equity Ltd raised its stake in shares of CVD Equipment by 2.8% in the 4th quarter. AMH Equity Ltd now owns 665,000 shares of the industrial products company’s stock worth $2,926,000 after buying an additional 18,157 shares in 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.