CVD Equipment (NASDAQ:CVV) Posts Earnings Results

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

CVD Equipment Trading Up 10.0%

CVD Equipment stock traded up $0.36 during midday trading on Friday, reaching $3.97. The company’s stock had a trading volume of 81,628 shares, compared to its average volume of 161,151. CVD Equipment has a 52 week low of $2.96 and a 52 week high of $9.10. The business has a 50-day moving average price of $4.66 and a 200-day moving average price of $5.53. The stock has a market cap of $27.60 million, a PE ratio of 2.74 and a beta of 1.32.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CVV. Weiss Ratings raised shares of CVD Equipment from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Wall Street Zen upgraded shares of CVD Equipment from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Trading of CVD Equipment

A number of hedge funds have recently made changes to their positions in the company. Algert Global LLC acquired a new stake in CVD Equipment during the 2nd quarter worth about $224,000. BlackRock Inc. acquired a new stake in shares of CVD Equipment in the 2nd quarter valued at about $130,000. FNY Investment Advisers LLC acquired a new stake in CVD Equipment in the second quarter valued at approximately $305,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of CVD Equipment by 17.5% in the 1st quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock worth $749,000 after purchasing an additional 27,000 shares in the last quarter. 31.59% of the stock is owned by institutional investors and hedge funds.

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.