StockNews.com Initiates Coverage on CVD Equipment (NASDAQ:CVV)

Research analysts at StockNews.com assumed coverage on shares of CVD Equipment (NASDAQ:CVV) in a research note issued to investors on Friday. The firm set a “hold” rating on the industrial products company’s stock.

CVD Equipment Price Performance

NASDAQ CVV opened at $3.08 on Friday. The business has a 50 day simple moving average of $3.39 and a 200 day simple moving average of $3.40. CVD Equipment has a 52-week low of $2.70 and a 52-week high of $6.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.60 and a current ratio of 2.99. The stock has a market cap of $21.20 million, a price-to-earnings ratio of -4.89 and a beta of 1.33.

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

Hedge Funds Weigh In On CVD Equipment

Several hedge funds have recently made changes to their positions in the business. Northern Trust Corp grew its stake in shares of CVD Equipment by 63.7% during the 4th quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 12,657 shares in the last quarter. Quinn Opportunity Partners LLC grew its stake in shares of CVD Equipment by 24.1% during the 4th quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock worth $316,000 after acquiring an additional 13,914 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of CVD Equipment by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock worth $613,000 after acquiring an additional 15,700 shares in the last quarter. Finally, AMH Equity Ltd grew its stake in shares of CVD Equipment by 2.8% during the 4th quarter. AMH Equity Ltd now owns 665,000 shares of the industrial products company’s stock worth $2,926,000 after acquiring an additional 18,157 shares in the last quarter. 31.59% of the stock is owned by 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.