CVD Equipment (NASDAQ:CVV) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of CVD Equipment Co. (NASDAQ:CVV) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.53 and traded as high as $3.62. CVD Equipment shares last traded at $3.55, with a volume of 32,381 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on CVD Equipment in a research note on Saturday. They issued a “hold” rating on the stock.

CVD Equipment Stock Performance

The business has a 50-day moving average of $3.74 and a two-hundred day moving average of $3.53. The company has a market cap of $24.42 million, a P/E ratio of -5.63 and a beta of 1.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 2.60.

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.