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

StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVRGet Free Report) in a report issued on Monday. The brokerage set a “sell” rating on the stock.

Chicago Rivet & Machine Stock Performance

CVR stock opened at $15.68 on Monday. Chicago Rivet & Machine has a 52 week low of $14.73 and a 52 week high of $32.94. The firm’s fifty day simple moving average is $24.91. The company has a market cap of $15.21 million, a price-to-earnings ratio of -3.63 and a beta of 0.10.

Hedge Funds Weigh In On Chicago Rivet & Machine

Several institutional investors and hedge funds have recently made changes to their positions in CVR. Captrust Financial Advisors bought a new stake in Chicago Rivet & Machine in the 2nd quarter worth $41,000. Advisor Group Holdings Inc. bought a new stake in Chicago Rivet & Machine in the 4th quarter worth $43,000. BlackRock Inc. grew its holdings in Chicago Rivet & Machine by 206,600.0% in the 2nd quarter. BlackRock Inc. now owns 2,067 shares of the company’s stock worth $53,000 after acquiring an additional 2,066 shares during the last quarter. Cannell Capital LLC bought a new stake in Chicago Rivet & Machine in the 3rd quarter worth $202,000. Finally, Morgan Stanley grew its holdings in Chicago Rivet & Machine by 8.6% in the 4th quarter. Morgan Stanley now owns 12,696 shares of the company’s stock worth $363,000 after acquiring an additional 1,005 shares during the last quarter. Institutional investors own 19.87% of the company’s stock.

Chicago Rivet & Machine Company Profile

(Get Free Report)

Chicago Rivet & Machine Co operates in the fastener industry in North America. The company 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 manufactures and sells automatic rivet setting machines and assembly equipment, as well as parts and tools for related machines.

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