Stock analysts at StockNews.com initiated coverage on shares of CVD Equipment (NASDAQ:CVV – Get Free Report) in a note issued to investors on Saturday. The firm set a “hold” rating on the industrial products company’s stock.
CVD Equipment Stock Performance
NASDAQ CVV opened at $3.60 on Friday. The firm’s fifty day moving average price is $3.90 and its two-hundred day moving average price is $4.46. CVD Equipment has a 1 year low of $3.46 and a 1 year high of $7.98. The firm has a market capitalization of $24.57 million, a P/E ratio of -4.39 and a beta of 1.38. The company has a current ratio of 2.29, a quick ratio of 1.81 and a debt-to-equity ratio of 0.01.
Institutional Investors Weigh In On CVD Equipment
An institutional investor recently raised its position in CVD Equipment stock. AMH Equity Ltd lifted its holdings in CVD Equipment Co. (NASDAQ:CVV – Free Report) by 7.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 660,000 shares of the industrial products company’s stock after acquiring an additional 47,000 shares during the period. CVD Equipment makes up approximately 2.6% of AMH Equity Ltd’s investment portfolio, making the stock its 11th largest position. AMH Equity Ltd owned about 9.68% of CVD Equipment worth $2,924,000 at the end of the most recent quarter. 31.59% of the stock is currently owned by institutional investors and hedge funds.
About CVD Equipment
CVD Equipment Corporation, together with its subsidiaries, designs, develops, manufactures, and sells equipment to develop and manufacture materials and coatings in the United States and internationally. It operates through three segments: CVD Equipment, Stainless Design Concepts, and CVD Materials. The CVD Equipment segment offers chemical vapor deposition, physical vapor transport, and thermal process equipment under the FirstNano brand for various markets, such as high power electronics, aerospace advanced materials for gas turbine jet engines, and nanomaterials used in batteries, as well as semiconductors, LEDs, carbon nanotubes, nanowires, solar cells, and other industrial and research applications.
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