CVD Equipment (NASDAQ:CVV) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of CVD Equipment (NASDAQ:CVV) in a report released on Wednesday. The firm set a “hold” rating on the industrial products company’s stock.

CVD Equipment Stock Performance

Shares of CVV opened at $2.97 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 2.60. CVD Equipment has a one year low of $2.53 and a one year high of $5.25. The firm has a market capitalization of $20.44 million, a P/E ratio of -4.71 and a beta of 1.06. The business has a fifty day moving average of $3.01 and a 200 day moving average of $3.33.

CVD Equipment (NASDAQ:CVV) last issued its quarterly earnings data on Wednesday, March 19th. The industrial products company reported $0.02 EPS for the quarter. CVD Equipment had a negative return on equity of 17.10% and a negative net margin of 18.26%. The company had revenue of $7.41 million during the quarter. During the same period in the previous year, the firm earned ($0.33) EPS.

Hedge Funds Weigh In On CVD Equipment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quinn Opportunity Partners LLC lifted its position in 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 valued at $316,000 after purchasing an additional 13,914 shares in the last quarter. AMH Equity Ltd lifted its position in CVD Equipment by 2.8% during the fourth quarter. AMH Equity Ltd now owns 665,000 shares of the industrial products company’s stock valued at $2,926,000 after purchasing an additional 18,157 shares in the last quarter. Northern Trust Corp lifted its position in CVD Equipment by 63.7% during the fourth quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 12,657 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in CVD Equipment by 12.7% during 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 in the last quarter. 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.