StockNews.com Initiates Coverage on CVD Equipment (NASDAQ:CVV)

Stock analysts at StockNews.com assumed coverage on shares of CVD Equipment (NASDAQ:CVV) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the industrial products company’s stock.

CVD Equipment Stock Performance

Shares of CVV opened at $3.53 on Monday. The company has a market cap of $24.29 million, a price-to-earnings ratio of -5.60 and a beta of 1.35. The business’s fifty day simple moving average is $3.82 and its two-hundred day simple moving average is $3.50. CVD Equipment has a 12 month low of $2.70 and a 12 month high of $6.35. The company has a current ratio of 2.99, a quick ratio of 2.60 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Northern Trust Corp grew its position in CVD Equipment by 63.7% in the 4th quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 12,657 shares during the period. Quinn Opportunity Partners LLC boosted its stake in shares of CVD Equipment by 24.1% in the 4th quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock worth $316,000 after buying an additional 13,914 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of CVD Equipment by 12.7% in the fourth quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock worth $613,000 after acquiring an additional 15,700 shares during the period. Finally, AMH Equity Ltd increased its position in CVD Equipment by 2.8% during the fourth quarter. AMH Equity Ltd now owns 665,000 shares of the industrial products company’s stock valued at $2,926,000 after acquiring an additional 18,157 shares during the last quarter. 31.59% of the stock is owned by hedge funds and other institutional investors.

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.