StockNews.com Initiates Coverage on CVD Equipment (NASDAQ:CVV)

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

CVD Equipment Stock Up 1.0 %

Shares of CVV stock opened at $3.98 on Wednesday. CVD Equipment has a 1-year low of $3.68 and a 1-year high of $8.67. The stock’s fifty day moving average price is $4.12 and its 200 day moving average price is $4.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 1.81. The company has a market cap of $27.16 million, a price-to-earnings ratio of -4.85 and a beta of 1.38.

CVD Equipment (NASDAQ:CVV) last released its quarterly earnings results on Monday, May 13th. The industrial products company reported ($0.22) earnings per share for the quarter. The business had revenue of $4.92 million during the quarter. CVD Equipment had a negative return on equity of 19.65% and a negative net margin of 27.60%.

Institutional Investors Weigh In On CVD Equipment

A hedge fund recently raised its stake in CVD Equipment stock. AMH Equity Ltd increased its holdings in CVD Equipment Co. (NASDAQ:CVV) by 7.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 660,000 shares of the industrial products company’s stock after acquiring an additional 47,000 shares during the period. CVD Equipment makes up about 2.6% of AMH Equity Ltd’s holdings, making the stock its 11th largest holding. AMH Equity Ltd owned approximately 9.68% of CVD Equipment worth $2,924,000 as of its most recent SEC filing. 31.59% of the stock is currently owned by hedge funds and other 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.