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

StockNews.com initiated coverage on shares of CVD Equipment (NASDAQ:CVV) in a research note issued on Saturday. The firm set a “hold” rating on the industrial products company’s stock.

CVD Equipment Stock Performance

NASDAQ CVV opened at $3.04 on Friday. CVD Equipment has a 52-week low of $2.70 and a 52-week high of $6.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 2.60. The firm has a market capitalization of $20.92 million, a price-to-earnings ratio of -4.83 and a beta of 1.33. The company’s fifty day moving average is $3.31 and its two-hundred day moving average is $3.39.

CVD Equipment (NASDAQ:CVV) last posted its earnings results on Wednesday, March 19th. The industrial products company reported $0.02 earnings per share for the quarter. The business had revenue of $7.41 million for 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 in the previous year, the company posted ($0.33) EPS.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. 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 acquiring an additional 18,157 shares during the last quarter. Renaissance Technologies LLC increased its holdings 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 period. Quinn Opportunity Partners LLC raised its position in shares of CVD Equipment by 24.1% during the fourth quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock worth $316,000 after acquiring an additional 13,914 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of CVD Equipment by 63.7% in the 4th quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 12,657 shares during the period. 31.59% of the stock is owned by institutional investors.

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.