CVD Equipment Co. (NASDAQ:CVV – Get Rating)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.99 and traded as high as $12.48. CVD Equipment shares last traded at $11.74, with a volume of 27,405 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on shares of CVD Equipment in a research note on Thursday, February 9th. They set a "sell" rating on the stock.
Get CVD Equipment alerts:CVD Equipment Price Performance
The stock has a market capitalization of $79.01 million, a P/E ratio of -26.68 and a beta of 1.61. The company has a current ratio of 3.72, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $9.87 and a two-hundred day simple moving average of $6.99.
Hedge Funds Weigh In On CVD Equipment
Several institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of CVD Equipment by 13.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 61,294 shares of the industrial products company's stock worth $338,000 after purchasing an additional 7,152 shares in the last quarter. State Street Corp raised its stake in shares of CVD Equipment by 33.9% during the 3rd quarter. State Street Corp now owns 18,546 shares of the industrial products company's stock worth $96,000 after purchasing an additional 4,700 shares in the last quarter. Finally, AMH Equity Ltd raised its stake in CVD Equipment by 2.3% in the 4th quarter. AMH Equity Ltd now owns 674,879 shares of the industrial products company's stock valued at $3,719,000 after acquiring an additional 14,879 shares during the period. 29.19% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
- Get a free copy of the StockNews.com research report on CVD Equipment (CVV)
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