CVD Equipment (NASDAQ:CVV) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of CVD Equipment (NASDAQ:CVV) from a hold rating to a sell rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CVD Equipment in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

CVD Equipment Stock Down 7.0%

NASDAQ:CVV opened at $3.98 on Friday. CVD Equipment has a 12-month low of $2.46 and a 12-month high of $6.25. The firm has a market capitalization of $27.61 million, a P/E ratio of -18.09 and a beta of 0.95. The stock’s fifty day simple moving average is $4.21 and its 200-day simple moving average is $3.82.

CVD Equipment (NASDAQ:CVV) last posted its quarterly earnings results on Monday, March 30th. The industrial products company reported ($0.18) earnings per share (EPS) for the quarter. CVD Equipment had a negative return on equity of 5.54% and a negative net margin of 6.18%.The company had revenue of $4.95 million during the quarter.

Institutional Trading of CVD Equipment

Several hedge funds and other institutional investors have recently modified their holdings of the company. DRW Securities LLC acquired a new stake in shares of CVD Equipment in the 4th quarter valued at about $45,000. Citadel Advisors LLC raised its stake in shares of CVD Equipment by 93.6% in the 3rd quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 20,011 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of CVD Equipment by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock valued at $241,000 after purchasing an additional 3,556 shares during the period. Institutional investors and hedge funds own 31.59% of the company’s stock.

CVD Equipment Company Profile

CVD Equipment Corporation (NASDAQ: CVV) designs, manufactures and markets custom vacuum deposition systems used to create thin-film coatings and advanced materials for semiconductor, optoelectronic and related industries. Established in 1992 and headquartered in the United States, the company leverages proprietary chemical vapor deposition (CVD), plasma-enhanced CVD, metal-organic CVD (MOCVD), atomic layer deposition (ALD) and physical vapor deposition (PVD) technologies to support both research and production applications.

The company’s product portfolio includes single- and multi-chamber reactors for the deposition of silicon, III-V compounds, metal oxides and other specialty materials, along with fluid-bed reactors for nanoparticle synthesis.