CVD Equipment (NASDAQ:CVV) Share Price Passes Above 200-Day Moving Average – What’s Next?

CVD Equipment Corporation (NASDAQ:CVV) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.09 and traded as high as $8.00. CVD Equipment shares last traded at $7.93, with a volume of 45,766 shares trading hands.

Wall Street Analyst Weigh In

CVV has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CVD Equipment in a research report on Friday, June 5th. Wall Street Zen cut CVD Equipment from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

CVD Equipment Trading Down 9.4%

The company has a market cap of $51.08 million, a P/E ratio of -14.43 and a beta of 1.23. The company’s 50-day moving average price is $6.78 and its two-hundred day moving average price is $5.14.

Institutional Investors Weigh In On CVD Equipment

Institutional investors and hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new position in CVD Equipment in the second quarter worth $305,000. Renaissance Technologies LLC raised its holdings in shares of CVD Equipment by 17.5% during 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 during the period. Citadel Advisors LLC grew its position in shares of CVD Equipment by 93.6% during the 3rd quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock valued at $139,000 after buying an additional 20,011 shares during the last quarter. DRW Securities LLC bought a new stake in shares of CVD Equipment during the 4th quarter valued at about $45,000. Finally, Dimensional Fund Advisors LP raised its stake in CVD Equipment by 5.2% during the third quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock worth $241,000 after acquiring an additional 3,556 shares during the period. 31.59% of the stock is owned by institutional investors and hedge funds.

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.