CVD Equipment (NASDAQ:CVV) Announces Earnings Results

CVD Equipment (NASDAQ:CVV) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.02 EPS for the quarter, Zacks reports. CVD Equipment had a negative net margin of 18.26% and a negative return on equity of 17.10%. During the same period in the previous year, the business earned ($0.33) earnings per share.

CVD Equipment Stock Down 1.3 %

Shares of NASDAQ CVV traded down $0.04 during mid-day trading on Wednesday, reaching $3.15. 40,647 shares of the company’s stock traded hands, compared to its average volume of 23,935. The stock has a market cap of $21.68 million, a P/E ratio of -5.00 and a beta of 1.33. The business has a 50-day simple moving average of $3.43 and a 200 day simple moving average of $3.41. CVD Equipment has a 1-year low of $2.70 and a 1-year high of $6.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 2.60.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of CVD Equipment in a report on Thursday, March 13th. They set a “hold” rating for the company.

CVD Equipment Company Profile

CVD Equipment Corporation, together with its subsidiaries, designs, develops, manufactures, and sells equipment to develop and manufacture materials and coatings in the United States and internationally. It operates through three segments: CVD Equipment, Stainless Design Concepts, and CVD Materials. The CVD Equipment segment offers chemical vapor deposition, physical vapor transport, and thermal process equipment under the FirstNano brand for various markets, such as high power electronics, aerospace advanced materials for gas turbine jet engines, and nanomaterials used in batteries, as well as semiconductors, LEDs, carbon nanotubes, nanowires, solar cells, and other industrial and research applications.