CVD Equipment (NASDAQ:CVV) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

CVD Equipment Corporation (NASDAQ:CVV)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.74 and traded as high as $8.20. CVD Equipment shares last traded at $7.87, with a volume of 138,862 shares trading hands.

Analysts Set New Price Targets

Several research firms have issued reports on CVV. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CVD Equipment in a report on Friday, June 5th. Wall Street Zen cut CVD Equipment from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

CVD Equipment Trading Up 0.8%

The firm has a market capitalization of $54.62 million, a PE ratio of -15.43 and a beta of 1.28. The firm’s fifty day moving average price is $6.16 and its 200 day moving average price is $4.74.

Institutional Investors Weigh In On CVD Equipment

Several hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in shares of CVD Equipment by 17.5% during the 1st quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock valued at $749,000 after buying an additional 27,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of CVD Equipment by 5.2% in the third quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock worth $241,000 after buying an additional 3,556 shares during the last quarter. Citadel Advisors LLC raised its position in CVD Equipment by 93.6% during the third quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 20,011 shares in the last quarter. Finally, DRW Securities LLC acquired a new position in CVD Equipment in the fourth quarter valued at approximately $45,000. 31.59% of the stock is owned by hedge funds and other institutional investors.

CVD Equipment Company Profile

CVD Equipment Corporation (NASDAQ: CVV) designs, manufactures and markets custom vacuum deposition systems used to create thin-film coatings and advanced materials for semiconductor, optoelectronic and related industries. Established in 1992 and headquartered in the United States, the company leverages proprietary chemical vapor deposition (CVD), plasma-enhanced CVD, metal-organic CVD (MOCVD), atomic layer deposition (ALD) and physical vapor deposition (PVD) technologies to support both research and production applications.

The company’s product portfolio includes single- and multi-chamber reactors for the deposition of silicon, III-V compounds, metal oxides and other specialty materials, along with fluid-bed reactors for nanoparticle synthesis.