Chicago Rivet & Machine (NYSEAMERICAN:CVR) Trading Up 0.3% – Here’s What Happened

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) traded up 0.3% during mid-day trading on Monday . The company traded as high as $16.24 and last traded at $15.50. 656 shares changed hands during trading, a decline of 65% from the average session volume of 1,899 shares. The stock had previously closed at $15.45.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Chicago Rivet & Machine in a research report on Monday, January 13th. They set a “sell” rating for the company.

Chicago Rivet & Machine Price Performance

The company has a market capitalization of $14.86 million, a P/E ratio of -4.17 and a beta of 0.16.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($1.50) EPS for the quarter. The company had revenue of $6.97 million during the quarter. Chicago Rivet & Machine had a negative net margin of 11.95% and a negative return on equity of 14.18%.

Chicago Rivet & Machine Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, December 5th were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.12 annualized dividend and a yield of 0.78%. Chicago Rivet & Machine’s dividend payout ratio is currently -3.27%.

About Chicago Rivet & Machine

Chicago Rivet & Machine Co engages in the manufacturing and sale of rivets and specialty cold formed parts, as well as automatic rivet setting equipment and automated assembly systems. It operates through the following segments: Fasteners and Assembly Equipment. The Fasteners segment includes rivets, cold-formed fasteners, and parts and screw machine products.