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CVD Equipment (NASDAQ:CVV) Share Price Crosses Above 200-Day Moving Average of $6.19

Defense World ·  Feb 9, 2023 16:01

CVD Equipment Co. (NASDAQ:CVV – Get Rating) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.19 and traded as high as $13.87. CVD Equipment shares last traded at $13.00, with a volume of 45,417 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on CVD Equipment in a research note on Wednesday, February 1st. They issued a "sell" rating on the stock.

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CVD Equipment Trading Down 2.8 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 3.72 and a quick ratio of 3.34. The stock has a market capitalization of $87.49 million, a PE ratio of -29.55 and a beta of 1.61. The stock's 50 day simple moving average is $7.69 and its two-hundred day simple moving average is $6.19.

CVD Equipment (NASDAQ:CVV – Get Rating) last posted its quarterly earnings results on Monday, November 14th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter. CVD Equipment had a negative net margin of 12.72% and a negative return on equity of 10.52%. The company had revenue of $8.12 million for the quarter.

Institutional Trading of CVD Equipment

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AMH Equity Ltd increased its holdings in shares of CVD Equipment by 2.3% in the 4th quarter. AMH Equity Ltd now owns 674,879 shares of the industrial products company's stock worth $3,719,000 after buying an additional 14,879 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of CVD Equipment by 25.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 54,142 shares of the industrial products company's stock worth $282,000 after buying an additional 10,865 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of CVD Equipment by 33.9% in the 3rd quarter. State Street Corp now owns 18,546 shares of the industrial products company's stock valued at $96,000 after purchasing an additional 4,700 shares in the last quarter. Institutional investors own 29.19% of the company's stock.

CVD Equipment Company Profile

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CVD Equipment Corp. engages in the design, development, and manufacture of chemical vapor deposition, gas control, and other state-of-the-art equipment and process solutions. It operates through the following segments: Chemical Vapor Deposition (CVD), Stainless Design Concepts (SDC), CVD Materials, and Corporate.

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