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

StockNews.com assumed coverage on shares of CVD Equipment (NASDAQ:CVV) in a research note published on Sunday morning. The firm issued a hold rating on the industrial products company’s stock.

CVD Equipment Stock Down 12.7 %

Shares of NASDAQ:CVV opened at $2.67 on Friday. CVD Equipment has a fifty-two week low of $2.65 and a fifty-two week high of $6.13. The firm’s 50 day moving average price is $3.25 and its 200 day moving average price is $3.38. The company has a quick ratio of 2.60, a current ratio of 2.99 and a debt-to-equity ratio of 0.01. The stock has a market cap of $18.37 million, a price-to-earnings ratio of -4.24 and a beta of 1.06.

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

Institutional Investors Weigh In On CVD Equipment

Institutional investors have recently added to or reduced their stakes in the business. AMH Equity Ltd increased its stake in CVD Equipment by 2.8% in the fourth quarter. AMH Equity Ltd now owns 665,000 shares of the industrial products company’s stock valued at $2,926,000 after purchasing an additional 18,157 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of CVD Equipment by 12.7% in the 4th quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock valued at $613,000 after buying an additional 15,700 shares in the last quarter. Quinn Opportunity Partners LLC grew its position in shares of CVD Equipment by 24.1% in the 4th quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock valued at $316,000 after buying an additional 13,914 shares during the last quarter. Finally, Northern Trust Corp raised its stake in CVD Equipment by 63.7% during the 4th quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 12,657 shares in the last quarter. Hedge funds and other institutional investors own 31.59% of the company’s stock.

CVD Equipment Company Profile

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.