StockNews.com Begins Coverage on Chicago Rivet & Machine (NYSEAMERICAN:CVR)

StockNews.com began coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research note published on Tuesday morning. The firm issued a sell rating on the stock.

Chicago Rivet & Machine Trading Down 0.7 %

CVR opened at $15.15 on Tuesday. The stock has a market capitalization of $14.73 million, a P/E ratio of -3.23 and a beta of 0.14. Chicago Rivet & Machine has a fifty-two week low of $13.81 and a fifty-two week high of $26.19.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last announced its earnings results on Friday, May 10th. The company reported ($0.72) earnings per share (EPS) for the quarter. The company had revenue of $7.85 million for the quarter. Chicago Rivet & Machine had a negative net margin of 14.75% and a negative return on equity of 16.82%.

Chicago Rivet & Machine Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Wednesday, June 5th. Chicago Rivet & Machine’s payout ratio is currently -8.55%.

Chicago Rivet & Machine Company Profile

Chicago Rivet & Machine Co operates in the fastener industry in North America. It operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment engages in the manufacture and sale of automatic rivet setting machines, as well as parts and tools for related machines.