Chicago Rivet & Machine (NYSEAMERICAN:CVR) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research report issued to clients and investors on Sunday. The brokerage set a “sell” rating on the stock.

Chicago Rivet & Machine Stock Performance

Shares of NYSEAMERICAN CVR opened at $15.05 on Friday. The stock has a market cap of $14.60 million, a P/E ratio of -3.22 and a beta of 0.14. Chicago Rivet & Machine has a 1-year low of $14.73 and a 1-year high of $28.00.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last announced its quarterly earnings data on Friday, May 10th. The company reported ($0.72) earnings per share (EPS) for the quarter. The company had revenue of $7.85 million for the quarter. Chicago Rivet & Machine had a negative net margin of 14.75% and a negative return on equity of 16.82%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC bought a new stake in shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned approximately 1.18% of Chicago Rivet & Machine as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 19.87% of the company’s stock.

About Chicago Rivet & Machine

Chicago Rivet & Machine Co operates in the fastener industry in North America. It operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment engages in the manufacture and sale of automatic rivet setting machines, as well as parts and tools for related machines.