Chicago Rivet & Machine (NYSEAMERICAN:CVR) Now Covered by StockNews.com

Equities researchers at StockNews.com started coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a report issued on Friday. The firm set a “sell” rating on the stock.

Chicago Rivet & Machine Stock Performance

Shares of NYSEAMERICAN CVR opened at $16.75 on Friday. Chicago Rivet & Machine has a fifty-two week low of $14.73 and a fifty-two week high of $28.00. The stock has a market cap of $16.25 million, a PE ratio of -3.58 and a beta of 0.13.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last released its quarterly earnings results on Friday, May 10th. The company reported ($0.72) earnings per share (EPS) for the quarter. The firm had revenue of $7.85 million for the quarter. Chicago Rivet & Machine had a negative return on equity of 16.82% and a negative net margin of 14.75%.

Institutional Trading of Chicago Rivet & Machine

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC acquired a new position in shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned about 1.18% of Chicago Rivet & Machine as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 19.87% of the company’s stock.

About Chicago Rivet & Machine

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.