Chicago Rivet & Machine (NYSEAMERICAN:CVR) Trading 0.3% Higher – Time to Buy?

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR)’s stock price shot up 0.3% on Monday . The company traded as high as $16.24 and last traded at $15.50. 656 shares changed hands during trading, a decline of 65% from the average session volume of 1,899 shares. The stock had previously closed at $15.45.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Chicago Rivet & Machine in a research note on Monday, January 13th. They issued a “sell” rating on the stock.

Chicago Rivet & Machine Stock Performance

The firm has a market capitalization of $15.04 million, a price-to-earnings ratio of -4.22 and a beta of 0.16.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its earnings results on Tuesday, November 12th. The company reported ($1.50) earnings per share (EPS) for the quarter. The firm had revenue of $6.97 million for the quarter. Chicago Rivet & Machine had a negative net margin of 11.95% and a negative return on equity of 14.18%.

Chicago Rivet & Machine Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Thursday, December 5th were issued a $0.03 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.77%. Chicago Rivet & Machine’s payout ratio is currently -3.27%.

About Chicago Rivet & Machine

Chicago Rivet & Machine Co engages in the manufacturing and sale of rivets and specialty cold formed parts, as well as automatic rivet setting equipment and automated assembly systems. It operates through the following segments: Fasteners and Assembly Equipment. The Fasteners segment includes rivets, cold-formed fasteners, and parts and screw machine products.