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

by · The Cerbat Gem

StockNews.com started coverage on shares of CVD Equipment (NASDAQ:CVV – Free Report) in a research report released on Thursday. The firm issued a hold rating on the industrial products company’s stock.

CVD Equipment Price Performance

Shares of NASDAQ CVV opened at $5.07 on Thursday. CVD Equipment has a twelve month low of $3.93 and a twelve month high of $11.70. The firm has a market cap of $34.58 million, a P/E ratio of -8.31 and a beta of 1.34. The company has a 50 day moving average of $4.91 and a 200 day moving average of $5.23. The company has a quick ratio of 2.15, a current ratio of 2.67 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On CVD Equipment

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in CVD Equipment by 10.6% in the 4th quarter. Vanguard Group Inc. now owns 312,230 shares of the industrial products company’s stock worth $1,383,000 after acquiring an additional 29,886 shares during the last quarter. Citadel Advisors LLC bought a new stake in CVD Equipment in the 4th quarter worth approximately $89,000. Northern Trust Corp bought a new stake in CVD Equipment in the 4th quarter worth approximately $100,000. AMH Equity Ltd grew its position in CVD Equipment by 7.7% in the 4th quarter. AMH Equity Ltd now owns 660,000 shares of the industrial products company’s stock worth $2,924,000 after purchasing an additional 47,000 shares during the period. Finally, Worth Venture Partners LLC grew its position in CVD Equipment by 1.9% in the 2nd quarter. Worth Venture Partners LLC now owns 83,739 shares of the industrial products company’s stock worth $617,000 after purchasing an additional 1,600 shares during the period. 31.59% of the stock is currently owned by hedge funds and other institutional investors.

About CVD Equipment

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CVD Equipment Corporation, together with its subsidiaries, designs, develops, manufactures, and sells equipment to develop and manufacture materials and coatings in the United States. It operates through three segments: CVD Equipment, Stainless Design Concepts, and CVD Materials. The company 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; and ultra-high purity gas and chemical delivery control systems, including gas cylinder storage cabinets, custom gas and chemical delivery systems, gas and liquid valve manifold boxes, and gas isolation boxes for semiconductor fabrication processes, aerospace, solar cells, LEDs, carbon nanotubes, nanowires, and industrial applications.

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