CVD Equipment (NASDAQ:CVV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of CVD Equipment (NASDAQ:CVV) in a research note published on Tuesday morning. The firm issued a hold rating on the industrial products company’s stock.

CVD Equipment Trading Up 4.7 %

Shares of CVV stock opened at $4.71 on Tuesday. The firm has a market cap of $32.15 million, a P/E ratio of -94.20 and a beta of 1.34. CVD Equipment has a 1-year low of $3.93 and a 1-year high of $13.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.85 and a quick ratio of 2.36. The firm’s 50-day simple moving average is $4.79 and its 200-day simple moving average is $5.36.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CVV. AMH Equity Ltd raised its stake in shares of CVD Equipment by 7.7% during the fourth quarter. AMH Equity Ltd now owns 660,000 shares of the industrial products company’s stock valued at $2,924,000 after purchasing an additional 47,000 shares during the period. Vanguard Group Inc. boosted its holdings in CVD Equipment by 10.6% in the fourth quarter. Vanguard Group Inc. now owns 312,230 shares of the industrial products company’s stock worth $1,383,000 after purchasing an additional 29,886 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of CVD Equipment by 6.9% during the second quarter. Renaissance Technologies LLC now owns 103,582 shares of the industrial products company’s stock valued at $763,000 after acquiring an additional 6,700 shares during the period. Worth Venture Partners LLC boosted its holdings in shares of CVD Equipment by 1.9% during the second quarter. Worth Venture Partners LLC now owns 83,739 shares of the industrial products company’s stock valued at $617,000 after acquiring an additional 1,600 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in shares of CVD Equipment during the first quarter valued at $1,060,000. 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. It operates through three segments: CVD Equipment, Stainless Design Concepts, and CVD Materials. The company 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; and ultra-high purity gas and chemical delivery control systems, including gas cylinder storage cabinets, custom gas and chemical delivery systems, gas and liquid valve manifold boxes, and gas isolation boxes for semiconductor fabrication processes, aerospace, solar cells, LEDs, carbon nanotubes, nanowires, and industrial applications.