CVD Equipment (NASDAQ:CVV) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

CVD Equipment Corporation (NASDAQ:CVV) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.27 and traded as high as $7.35. CVD Equipment shares last traded at $6.97, with a volume of 64,941 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of CVD Equipment in a research report on Friday, June 5th. Wall Street Zen downgraded shares of CVD Equipment from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CVD Equipment presently has a consensus rating of “Sell”.

CVD Equipment Stock Performance

The firm has a market capitalization of $48.37 million, a P/E ratio of -13.67 and a beta of 1.23. The business has a fifty day moving average of $6.77 and a 200-day moving average of $5.27.

Institutional Investors Weigh In On CVD Equipment

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in CVD Equipment by 17.5% in the first quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock worth $749,000 after purchasing an additional 27,000 shares during the period. Dimensional Fund Advisors LP raised its position in shares of CVD Equipment by 5.2% during the 3rd 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 in the last quarter. Citadel Advisors LLC raised its position in shares of CVD Equipment by 93.6% during the 3rd quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock worth $139,000 after buying an additional 20,011 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of CVD Equipment in the 2nd quarter worth approximately $305,000. Finally, DRW Securities LLC bought a new position in shares of CVD Equipment in the fourth quarter valued at approximately $45,000. 31.59% of the stock is currently owned by 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.