CVD Equipment (NASDAQ:CVV) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of CVD Equipment Corporation (NASDAQ:CVV) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.56 and traded as high as $8.14. CVD Equipment shares last traded at $7.89, with a volume of 192,574 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of CVD Equipment in a report on Friday, June 5th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

CVD Equipment Price Performance

The stock’s 50 day simple moving average is $6.99 and its two-hundred day simple moving average is $5.59. The company has a market capitalization of $56.84 million, a P/E ratio of -16.06 and a beta of 1.25.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in CVD Equipment by 17.5% in the 1st quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock valued at $749,000 after buying an additional 27,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 last quarter. Citadel Advisors LLC raised its position in shares of CVD Equipment by 93.6% during the third quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 20,011 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of CVD Equipment during the second quarter valued at $305,000. Finally, DRW Securities LLC acquired a new position in shares of CVD Equipment during the fourth quarter valued at $45,000. Institutional investors and hedge funds own 31.59% of the company’s stock.

About CVD Equipment

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.