Chicago Rivet & Machine (NYSEAMERICAN:CVR) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a report issued on Monday. The brokerage set a “sell” rating on the stock.

Separately, TheStreet downgraded shares of Chicago Rivet & Machine from a “c” rating to a “d” rating in a research note on Thursday, November 9th.

Chicago Rivet & Machine Stock Performance

Shares of CVR opened at $16.10 on Monday. Chicago Rivet & Machine has a 52-week low of $15.32 and a 52-week high of $32.94. The company has a market cap of $15.62 million, a price-to-earnings ratio of -3.73 and a beta of 0.09. The firm has a fifty day simple moving average of $24.91.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last released its earnings results on Tuesday, November 7th. The company reported ($1.00) earnings per share (EPS) for the quarter. Chicago Rivet & Machine had a negative net margin of 13.21% and a negative return on equity of 14.21%. The business had revenue of $7.95 million during the quarter.

Institutional Investors Weigh In On Chicago Rivet & Machine

Several hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in shares of Chicago Rivet & Machine by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 68,710 shares of the company’s stock valued at $1,771,000 after acquiring an additional 576 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Chicago Rivet & Machine by 1.0% during the second quarter. Renaissance Technologies LLC now owns 49,210 shares of the company’s stock worth $1,402,000 after acquiring an additional 500 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Chicago Rivet & Machine by 91.7% in the first quarter. Vanguard Group Inc. now owns 28,479 shares of the company’s stock valued at $746,000 after acquiring an additional 13,626 shares during the last quarter. Morgan Stanley increased its position in Chicago Rivet & Machine by 8.6% during the 4th quarter. Morgan Stanley now owns 12,696 shares of the company’s stock valued at $363,000 after purchasing an additional 1,005 shares during the period. Finally, BlackRock Inc. raised its holdings in Chicago Rivet & Machine by 206,600.0% during the 2nd quarter. BlackRock Inc. now owns 2,067 shares of the company’s stock worth $53,000 after purchasing an additional 2,066 shares during the last quarter. 20.88% of the stock is currently owned by institutional investors and hedge funds.

About Chicago Rivet & Machine

Chicago Rivet & Machine Co operates in the fastener industry in North America. The company 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 manufactures and sells automatic rivet setting machines and assembly equipment, as well as parts and tools for related machines.