CVD Equipment (NASDAQ:CVV) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of CVD Equipment (NASDAQ:CVV) in a report released on Saturday. The brokerage set a “hold” rating on the industrial products company’s stock.

CVD Equipment Stock Up 0.2 %

CVV opened at $4.49 on Friday. CVD Equipment has a 12 month low of $3.93 and a 12 month high of $11.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.67 and a quick ratio of 2.15. The stock has a market cap of $30.64 million, a P/E ratio of -7.36 and a beta of 1.34. The stock’s 50 day moving average price is $4.87 and its 200 day moving average price is $5.07.

CVD Equipment (NASDAQ:CVV) last posted its earnings results on Thursday, March 28th. The industrial products company reported ($0.33) EPS for the quarter. CVD Equipment had a negative net margin of 17.34% and a negative return on equity of 13.77%. The business had revenue of $4.11 million during the quarter.

Hedge Funds Weigh In On CVD Equipment

An institutional investor recently raised its position in CVD Equipment stock. AMH Equity Ltd grew its position in shares of CVD Equipment Co. (NASDAQ:CVV) by 7.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 660,000 shares of the industrial products company’s stock after purchasing an additional 47,000 shares during the quarter. CVD Equipment accounts for 2.6% of AMH Equity Ltd’s portfolio, making the stock its 11th largest position. AMH Equity Ltd owned about 9.68% of CVD Equipment worth $2,924,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 31.59% of the company’s stock.

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.