Chicago Rivet & Machine (NYSEAMERICAN:CVR) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research report issued to clients and investors on Wednesday. The brokerage set a “sell” rating on the stock.

Chicago Rivet & Machine Stock Performance

Shares of NYSEAMERICAN:CVR opened at $16.19 on Wednesday. Chicago Rivet & Machine has a 52 week low of $14.73 and a 52 week high of $30.48. The firm has a market capitalization of $15.70 million, a PE ratio of -3.55 and a beta of 0.11.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued its quarterly earnings results on Thursday, March 28th. The company reported ($1.60) earnings per share (EPS) for the quarter. Chicago Rivet & Machine had a negative return on equity of 15.66% and a negative net margin of 13.97%. The company had revenue of $6.78 million for the quarter.

Institutional Investors Weigh In On Chicago Rivet & Machine

An institutional investor recently bought a new position in Chicago Rivet & Machine stock. Cannell Capital LLC purchased a new position in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned 1.18% of Chicago Rivet & Machine as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 19.87% of the company’s stock.

Chicago Rivet & Machine Company Profile

Chicago Rivet & Machine Co operates in the fastener industry in North America. It 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 engages in the manufacture and sale of automatic rivet setting machines, as well as parts and tools for related machines.