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

CVD Equipment (NASDAQ:CVV) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised CVD Equipment from a “sell (d-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, CVD Equipment presently has an average rating of “Hold”.

CVD Equipment Stock Performance

Shares of NASDAQ CVV opened at $3.97 on Friday. The stock has a market cap of $27.59 million, a PE ratio of 3.36 and a beta of 1.32. CVD Equipment has a 52-week low of $2.96 and a 52-week high of $9.10. The business has a fifty day moving average of $4.59 and a two-hundred day moving average of $5.53.

CVD Equipment (NASDAQ:CVV) last announced its earnings results on Thursday, November 5th. The industrial products company reported ($0.21) earnings per share for the quarter. CVD Equipment had a net margin of 62.01% and a negative return on equity of 13.91%. The company had revenue of $1.58 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CVV. Renaissance Technologies LLC increased its stake in CVD Equipment by 17.5% during the 1st quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock valued at $749,000 after purchasing an additional 27,000 shares in the last quarter. FNY Investment Advisers LLC bought a new position in CVD Equipment in the 2nd quarter valued at $305,000. Algert Global LLC acquired a new position in shares of CVD Equipment in the second quarter valued at $224,000. Finally, BlackRock Inc. acquired a new position in shares of CVD Equipment in the 2nd quarter worth approximately $130,000. 31.59% of the stock is currently owned by institutional investors.

CVD Equipment Company Profile

CVD Equipment Corporation (NASDAQ: CVV) designs, develops, manufactures and services equipment used to produce advanced electronic materials and components. Its systems support applications in semiconductors, solar energy, nanotechnology, battery materials and other emerging technologies that require controlled deposition, thermal processing or materials development.

The company’s product portfolio includes chemical vapor deposition (CVD) systems, physical vapor deposition equipment, thermal-processing systems, gas and chemical delivery systems, and related laboratory and production equipment.