Chicago Rivet & Machine (NYSEAMERICAN:CVR) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.16 and traded as high as $10.50. Chicago Rivet & Machine shares last traded at $10.50, with a volume of 867 shares trading hands.

Chicago Rivet & Machine Stock Performance

The stock has a market capitalization of $10.09 million, a price-to-earnings ratio of -4.95 and a beta of 0.28. The company has a 50 day moving average of $10.18 and a 200 day moving average of $11.62.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.37) earnings per share (EPS) for the quarter. The company had revenue of $6.85 million during the quarter. Chicago Rivet & Machine had a negative net margin of 7.15% and a negative return on equity of 10.54%.

About Chicago Rivet & Machine

Chicago Rivet & Machine Co is a Chicago, Illinois–based manufacturer specializing in the design and production of rivets, fasteners and related metal components. The company’s product portfolio includes solid and blind rivets, threaded inserts, screws, bolts, nuts and washers, engineered to meet the requirements of high-precision industrial applications.

Serving a diverse customer base, Chicago Rivet & Machine brings expertise in material selection and heat-treatment processes to deliver fasteners that meet stringent specifications for strength, corrosion resistance and durability.