CVD Equipment (NASDAQ:CVV) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of CVD Equipment (NASDAQ:CVV) in a report released on Monday. The firm set a “hold” rating on the industrial products company’s stock.

CVD Equipment Stock Performance

Shares of CVV opened at $3.71 on Monday. CVD Equipment has a 1 year low of $2.70 and a 1 year high of $6.35. The company’s 50 day simple moving average is $3.82 and its 200 day simple moving average is $3.50. The company has a market capitalization of $25.52 million, a price-to-earnings ratio of -5.89 and a beta of 1.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.60 and a current ratio of 2.99.

Hedge Funds Weigh In On CVD Equipment

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

About CVD Equipment

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.