Chicago Rivet & Machine (NYSEAMERICAN:CVR) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research note issued to investors on Saturday. The firm set a “sell” rating on the stock.

Chicago Rivet & Machine Price Performance

Chicago Rivet & Machine stock opened at $14.76 on Friday. The stock has a market cap of $14.32 million, a PE ratio of -3.15 and a beta of 0.14. Chicago Rivet & Machine has a one year low of $14.73 and a one year high of $26.75.

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

Institutional Trading of Chicago Rivet & Machine

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC bought a new stake in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned 1.18% of Chicago Rivet & Machine at the end of the most recent reporting period. 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.