CVD Equipment (NASDAQ:CVV) Share Price Breaks Above 50-Day Moving Average – Should You Sell?

CVD Equipment Corporation (NASDAQ:CVV)’s share price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $4.34 and traded as high as $4.59. CVD Equipment shares last traded at $4.54, with a volume of 207,151 shares.

Analysts Set New Price Targets

CVV has been the topic of a number of research reports. Weiss Ratings raised shares of CVD Equipment from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Wall Street Zen downgraded shares of CVD Equipment from a “hold” rating to a “sell” rating in a report on Saturday, November 7th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, CVD Equipment has a consensus rating of “Hold”.

CVD Equipment Price Performance

The business has a 50 day moving average of $4.34 and a 200 day moving average of $5.51. The firm has a market capitalization of $31.55 million, a price-to-earnings ratio of 3.85 and a beta of 1.32.

CVD Equipment (NASDAQ:CVV) last issued its earnings results on Thursday, November 5th. The industrial products company reported ($0.21) EPS for the quarter. CVD Equipment had a negative return on equity of 18.70% and a net margin of 78.83%. The firm had revenue of $1.58 million during the quarter.

Hedge Funds Weigh In On CVD Equipment

Hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP bought a new position in shares of CVD Equipment during the 3rd quarter worth about $86,000. Algert Global LLC bought a new stake in CVD Equipment in the second quarter valued at about $224,000. BlackRock Inc. bought a new stake in CVD Equipment in the second quarter valued at about $130,000. FNY Investment Advisers LLC bought a new stake in CVD Equipment in the second quarter valued at about $305,000. Finally, Renaissance Technologies LLC raised its position in CVD Equipment by 17.5% in the first quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock worth $749,000 after purchasing an additional 27,000 shares in the last quarter. 31.59% of the stock is owned by institutional investors.

About CVD Equipment

CVD Equipment Corporation designs and manufactures process equipment used to produce and research advanced materials. Its systems include chemical vapor deposition and related technologies, as well as thermal processing and gas-control equipment. The company serves customers in markets such as semiconductors and electronics, aerospace and defense, energy, medical devices, and industrial manufacturing. Its offerings support applications ranging from materials research to commercial production. Founded in 1982, CVD Equipment is based in Central Islip, New York.