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

Shares of CVD Equipment Corporation (NASDAQ:CVV) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.89 and traded as high as $7.74. CVD Equipment shares last traded at $7.43, with a volume of 90,851 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wall Street Zen cut CVD Equipment from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Weiss Ratings restated a “sell (d-)” rating on shares of CVD Equipment in a research report on Friday, June 5th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

CVD Equipment Stock Performance

The firm has a 50-day moving average of $6.48 and a 200-day moving average of $4.89. The firm has a market capitalization of $51.56 million, a P/E ratio of -14.57 and a beta of 1.28.

Institutional Trading of CVD Equipment

A number of institutional investors have recently made changes to their positions in CVV. Dimensional Fund Advisors LP grew its holdings 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 purchasing an additional 3,556 shares during the last quarter. DRW Securities LLC bought a new stake in CVD Equipment during the 4th quarter valued at $45,000. Citadel Advisors LLC raised its holdings in CVD Equipment by 93.6% during the 3rd quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock valued at $139,000 after buying an additional 20,011 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in 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 period. Hedge funds and other institutional investors own 31.59% of the company’s stock.

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.