Chicago Rivet & Machine (NYSEAMERICAN:CVR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research note released on Thursday. The firm issued a sell rating on the stock.

Chicago Rivet & Machine Price Performance

Shares of CVR stock opened at $18.10 on Thursday. Chicago Rivet & Machine has a 1-year low of $13.81 and a 1-year high of $21.19.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share for the quarter. Chicago Rivet & Machine had a negative return on equity of 11.78% and a negative net margin of 10.00%. The business had revenue of $8.06 million for the quarter.

Chicago Rivet & Machine Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.21%. Chicago Rivet & Machine’s dividend payout ratio is -8.55%.

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.