CVD Equipment (NASDAQ:CVV) Announces Quarterly Earnings Results

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

CVD Equipment Stock Performance

NASDAQ:CVV opened at $3.71 on Friday. CVD Equipment has a 52 week low of $2.96 and a 52 week high of $9.10. The firm’s fifty day moving average is $4.66 and its 200-day moving average is $5.53. The firm has a market cap of $25.75 million, a P/E ratio of 2.56 and a beta of 1.32.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CVV. Wall Street Zen raised CVD Equipment from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings raised CVD Equipment from a “sell (d-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On CVD Equipment

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Algert Global LLC acquired a new stake in CVD Equipment during the 2nd quarter worth about $224,000. BlackRock Inc. bought a new position in shares of CVD Equipment in the 2nd quarter worth about $130,000. FNY Investment Advisers LLC bought a new stake in shares of CVD Equipment during the 2nd quarter valued at about $305,000. Finally, Renaissance Technologies LLC boosted its position in shares of 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. Institutional investors and hedge funds own 31.59% of the company’s stock.

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.