CVD Equipment (NASDAQ:CVV) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of CVD Equipment Corporation (NASDAQ:CVV) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.87 and traded as high as $7.58. CVD Equipment shares last traded at $7.25, with a volume of 87,370 shares trading hands.

Analyst Ratings Changes

CVV has been the subject of several research analyst reports. Wall Street Zen upgraded shares of CVD Equipment from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of CVD Equipment in a research report on Friday, June 5th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

CVD Equipment Stock Performance

The company’s 50-day moving average price is $7.44 and its 200-day moving average price is $5.90. The firm has a market capitalization of $51.64 million, a PE ratio of 5.12 and a beta of 1.25.

CVD Equipment (NASDAQ:CVV) last issued its quarterly earnings data on Wednesday, August 12th. The industrial products company reported $1.81 earnings per share for the quarter. The company had revenue of $1.95 million during the quarter. CVD Equipment had a negative return on equity of 13.91% and a net margin of 62.01%.

Hedge Funds Weigh In On CVD Equipment

A number of hedge funds have recently made changes to their positions in CVV. Dimensional Fund Advisors LP increased its stake 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 valued at $241,000 after buying an additional 3,556 shares during the period. Citadel Advisors LLC boosted its stake in CVD Equipment by 93.6% in the 3rd 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 bought a new stake in shares of CVD Equipment during the fourth quarter worth $45,000. Renaissance Technologies LLC grew its stake in shares of 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 purchasing an additional 27,000 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of CVD Equipment in the 2nd 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.