CVD Equipment (NASDAQ:CVV) Raised to “Hold” at Wall Street Zen

CVD Equipment (NASDAQ:CVV) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings reissued 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, According to MarketBeat, CVD Equipment presently has a consensus rating of “Sell”.

CVD Equipment Stock Performance

Shares of CVV stock opened at $8.07 on Friday. CVD Equipment has a 1 year low of $2.76 and a 1 year high of $9.10. The business’s fifty day moving average is $7.30 and its 200-day moving average is $5.77. The stock has a market cap of $56.09 million, a PE ratio of 5.57 and a beta of 1.25.

Institutional Investors Weigh In On CVD Equipment

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in CVD Equipment by 5.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 3,556 shares in the last quarter. Citadel Advisors LLC grew its holdings 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 valued at $139,000 after buying an additional 20,011 shares in the last quarter. DRW Securities LLC purchased a new position in shares of CVD Equipment during the fourth quarter valued at $45,000. Renaissance Technologies LLC raised its position in CVD Equipment by 17.5% during the first 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 period. Finally, FNY Investment Advisers LLC acquired a new position in CVD Equipment during the second quarter valued at $305,000. Hedge funds and other institutional investors 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.