CVD Equipment (NASDAQ:CVV) Now Covered by StockNews.com

Investment analysts at StockNews.com started coverage on shares of CVD Equipment (NASDAQ:CVV) in a research note issued to investors on Sunday. The firm set a “hold” rating on the industrial products company’s stock.

CVD Equipment Trading Up 0.7 %

Shares of CVV opened at $2.69 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 2.60. CVD Equipment has a 1-year low of $2.53 and a 1-year high of $6.13. The stock has a market cap of $18.51 million, a price-to-earnings ratio of -4.27 and a beta of 1.06. The firm has a 50 day simple moving average of $3.23 and a 200-day simple moving average of $3.37.

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

Institutional Trading of CVD Equipment

Hedge funds have recently bought and sold shares of the company. Northern Trust Corp raised its holdings in CVD Equipment by 63.7% in the 4th 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 during the last quarter. Quinn Opportunity Partners LLC grew its position in shares of CVD Equipment by 24.1% in the fourth 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 during the period. Renaissance Technologies LLC increased its stake in CVD Equipment by 12.7% in the fourth 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 last quarter. Finally, AMH Equity Ltd lifted its position in CVD Equipment by 2.8% during the fourth 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 during the period. Institutional investors and hedge funds own 31.59% of the company’s stock.

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.